Galaxy Digital Secures $460 Million to Convert Texas Bitcoin Mine into AI-Powered Data Center
Galaxy Digital, led by renowned crypto advocate Mike Novogratz, is making headlines in the latest crypto news by raising $460 million to transform a former Bitcoin mining site in Texas into a high-powered AI data center. This milestone investment marks a significant intersection of blockchain technology with artificial intelligence, reflecting the quickly evolving landscape where crypto firms are expanding beyond traditional mining operations into the booming AI infrastructure sector.
Major investment signals new direction for blockchain technology
Galaxy Digital secured the $460 million from one of the world’s largest asset managers, showcasing growing institutional support for digital asset ventures. The company announced the purchase of 12.77 million Class A shares at $36 each, with funding allocated to general corporate purposes and strategic expansion of the Helios campus a site set to deliver 133 megawatts of IT capacity by early 2026. This development supports Galaxy Digital’s vision to become a leader in both digital assets and next-generation data center infrastructure, which is a central theme in recent blockchain discussions.
Novogratz highlighted that this institutional backing underpins Galaxy Digital’s strategic focus, giving the firm the resources needed to pursue innovation across crypto and AI domains. The investment is expected to close by mid-October 2025, subject to the Toronto Stock Exchange’s approval.
Helios campus expansion: billions in potential revenue
Earlier this year, Galaxy Digital further strengthened its position through a $1.4 billion loan facility, funding 80% of the Helios expansion. The company has entered a 15-year contract with CoreWeave an AI cloud infrastructure provider to supply powerful compute resources for AI and high-performance computing workloads, starting in 2026.
Galaxy anticipates generating over $1 billion in annual revenue from the partnership, totaling around $15 billion for the contract term. Upon completion, the Helios data center will be equipped with a massive 3.5-gigawatt capacity, making it one of the largest AI infrastructure projects in North America. CoreWeave alone has committed to utilizing 800 megawatts, with Galaxy planning to lease the remaining capacity to additional enterprise-grade clients. These strategic moves signal how blockchain technology and crypto infrastructure are converging with high-tech sectors, driving new business models and revenue streams for crypto pur enthusiasts.
Crypto firms pivoting toward AI-driven growth
This bold transition by Galaxy is part of an emerging trend in crypto news, with an increasing number of crypto-native companies diversifying into AI and high-performance data center operations. The mining sector’s record-high Bitcoin hashrate making crypto mining less profitable has prompted many firms to repurpose their computational capacity for artificial intelligence workloads, marking a pivotal shift in strategy.
CoreWeave itself is a testament to this evolution. Originally established as a cryptocurrency mining company, it recently acquired Core Scientific, a fellow crypto miner, in a $9 billion all-stock transaction. This merger will significantly expand CoreWeave’s data center footprint and solidify its position as a leading provider of AI and high-performance computing infrastructure across North America.
The future of blockchain technology and AI integration
The move by Galaxy Digital and other crypto firms to invest in AI infrastructure is reshaping the landscape for digital asset companies. As demand for compute power surges due to advancements in AI, blockchain companies are well-positioned to leverage their expertise in distributed networks, energy management, and infrastructure financing.
For the crypto pur community, this strategic blending of blockchain and AI reflects a broader vision for decentralized technologies. By repurposing legacy mining facilities into multidimensional data centers, companies like Galaxy Digital are setting new standards for sustainability, innovation, and adaptability in the crypto sector.
Conclusion
Galaxy Digital’s $460 million capital raise to convert a Bitcoin mining site into an AI data center not only represents a major shift in business strategy but also highlights the ongoing convergence of blockchain technology with artificial intelligence. As more crypto firms embrace AI infrastructure, the digital asset industry stands at the cusp of a new era one where advanced computing and blockchain innovation drive unprecedented value for investors, users, and the global tech ecosystem. This headline is sure to dominate crypto news as firms like Galaxy continue to redefine the frontiers of what blockchain and data-driven technologies can achieve.