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Sign InGalaxy Digital has delivered the first tranche of data center infrastructure to CoreWeave and secured regulatory approval to double its Helios facility's power capacity to over 1.6GW. The company reported a $216 million loss in the first quarter, a deficit that coincided with a roughly 20% slide in total crypto market capitalization during the same period. CEO Mike Novogratz characterized the year as a transition period, as the firm pivots to leverage energy assets for high-performance computing and AI infrastructure. Revenue from the data center business is expected to ramp up significantly during the second quarter. This expansion positions Galaxy Digital as a critical provider at the intersection of digital assets and AI while navigating a broader contraction in the cryptocurrency market.