Mentioned:
GLXY -11.51% CRWV -7.06% CLSK -6.97%

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: