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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
In a move reflecting the growing trend of mining firms pivoting toward high-performance computing, Galaxy Digital has completed the first phase of its Helios AI data center campus in West Texas. The facility delivered 133 megawatts of critical IT load to Coreweave on July 6, 2026. This milestone marks the transition of the Helios site from a Bitcoin mining facility into a $1 billion AI power business, aimed at diversifying revenue streams and meeting the surging demand for AI computing power.
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Sign InThis pivot occurs as major mining peers like Core Scientific and Hut 8 seek similar deals with cloud and AI providers to maximize the value of their power assets. Per market data, this trend bolsters the valuation of companies with grid-ready infrastructure, especially as the costs of greenfield data center construction rise. Coreweave, the partner in this venture, remains one of the fastest-growing specialized cloud providers, having recently secured significant funding to expand its AI processing capabilities.
Regarding market performance, Galaxy Digital (0027.HK) stood at 30.38 HKD at close July 6, 2026, while CRWV closed at $86.46 on the same date. Investors are now watching for the execution of subsequent phases to enhance operational efficiency, while global markets await key economic catalysts such as the U.S. ISM Manufacturing PMI, which could provide insights into energy and industrial production costs affecting the sector.