Mike Novogratz spotlights Helios as $15 billion powerhouse in Galaxy Digital annual report
The company’s Nasdaq debut was a turning point toward infrastructure-led growth in the digital economy, said Novogratz.
What to know:
- Galaxy Digital (GLXY) CEO Mike Novogratz said his company is at the forefront of a maturing digital economy.
- The company’s Helios data center campus surpassed a $15 billion valuation, positioning Galaxy at the center of surging AI compute demand, he said.
- The firm manages $12.3 billion in digital assets while expanding into retail finance with its GalaxyOne platform.
The company’s biggest growth tailwind is its artificial intelligence and high-performance computing strategy and Helios, its AI data center campus in West Texas. The site has secured more than 1.6 gigawatts of approved power capacity through ERCOT.
The initial 800 megawatts is already leased to AI cloud provider CoreWeave (CRWV), representing over $7.5 billion in capital investment. With an additional 830 megawatts approved for expansion, Helios is now valued at well above $15 billion, according to the report.
Novogratz’s longer-term goal is to build a multi-billion-dollar portfolio of digital infrastructure assets diversified across regions, tenants, and technologies. “Demand for compute is not a cycle, it is a structural condition that will define the next decade.”
