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CryptoMediumUpdated×2•Originally published 28 April 2026•Updated 29 April 2026•

1 min read

Galaxy Digital Delivers First Data Center Tranche to CoreWeave, Doubles Power Capacity

Key Facts

1Galaxy Digital secured approval to double its Helios data center power capacity to over 1.6GW.

2The company delivered the first tranche of data center infrastructure to CoreWeave as part of its AI expansion strategy.

about 1 month ago

Version History

Version 2about 1 month ago

What changed: Added broader market context linking the company's net loss to a 20% contraction in the overall cryptocurrency market capitalization during the first quarter.

Version 1about 1 month ago

What changed: Updated the story to include specific Q1 financial loss of $216 million and forward-looking revenue expectations for the data center segment in Q2.

Galaxy 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.