Galaxy Digital’s AI Deal: Transformative for Company, Analyst Says

Galaxy Digital has entered into a significant deal with CoreWeave, securing 15 years of AI hosting services. This move is considered transformative by H.C. Wainwright & Co. analyst Mike Colonnese. The contract will see Galaxy repurpose 200 MW at its Helios facility in West Texas to host 133 MW of critical IT load for CoreWeave’s GPUs. The deal is expected to generate $4.5 billion in revenue over its term, representing a significant portion of Galaxy’s expected revenues this year.