Financial giant Galaxy Digital secured a substantial $460 million investment from a leading asset management firm to expand its Texas-based data center, signaling a growing convergence of the cryptocurrency and artificial intelligence (AI) markets. This move reflects an increasing focus on blockchain-centric infrastructure as firms leverage AI and high-performance computing for burgeoning applications within both crypto and AI sectors. The investment will enable Galaxy Digital to convert a former Bitcoin mining site into a cutting-edge AI hub, offering 133 megawatts of IT capacity by early 2026. This expansion further solidifies the company’s commitment to AI infrastructure alongside its existing digital assets initiatives. Partnering with CoreWeave for compute power, Galaxy Digital is projected to generate over $1 billion annually from AI services, reaching a potential total of $15 billion through the 15-year contract.