Mentioned:
Galaxy Digital has just won a new approval for more power at their Texas based data centre. And they’re aiming to use it to strike a new deal for high performance computing.
What’s happening:
- Galaxy Digital (NASDAQ: GLXY) has won a new approval for an additional 830 megawatts of power at their Helios data centre located in Texas
Why it matters:
- The new power approval roughly doubles the total power available at Helios to 1.6 gigawatts of electricity
Going deeper:
- CoreWeave (NASDAQ: CRWV) and Galaxy Digital previously struck a notable deal for CoreWeave to host GPUs at Helios for their initial build out
- Galaxy Digital has publicly stated they plan to pursue new co-location deals with the newly approved power capacity and will look to form a deal with a hyperscaler or large scale cloud provider
The intrigue:
- The race to secure land and power in Texas for high performance computing has been continuing to accelerate in the public markets, with CleanSpark (NASDAQ: CLSK) just recently buying 447 acres of land in Brazaria County, Texas to develop a new data centre
