Bitcoin News Today: Bitcoin Could Hit $1M as Galaxy Expands AI Infrastructure With $1.4B Financing

Mike Novogratz, CEO of Galaxy Digital, has highlighted Bitcoin’s potential to reach a value of one million dollars, citing economic uncertainty and rising inflation as key drivers. Speaking on August 17, 2025, Novogratz underscored Bitcoin’s role as a hard asset that, much like gold, can preserve value during periods of macroeconomic instability. His comments come amid growing speculation about the resilience of cryptocurrencies in the face of traditional financial system challenges [1].

Galaxy Digital, under Novogratz’s leadership, has positioned itself as a key player in the convergence of traditional finance and digital assets. The firm has long advocated for Bitcoin and Ethereum, with particular attention to Ethereum’s transition to a proof-of-stake model, which has been viewed as a potential catalyst for broader institutional adoption. Novogratz also emphasized that the development of clear regulatory frameworks would be essential in fostering institutional investment and enhancing market stability [1].

The discussion of Bitcoin’s potential rise coincides with significant infrastructure developments at Galaxy Digital. On August 15, 2025, the company announced the closing of a $1.4 billion project financing facility to support the expansion of its Helios datacenter campus in West Texas. The funding will enable the first phase of power delivery for AI and high-performance computing (HPC) operations under a long-term agreement with CoreWeave Inc. Novogratz described the move as a pivotal step in diversifying Galaxy’s business beyond cryptocurrency into the broader AI infrastructure market [2].

According to the financing agreement, Galaxy has provided a $350 million equity contribution, with the remainder of the construction costs covered by the Debt Facility, which has a 36-month term and is secured against all first-phase assets. A lease agreement was also executed with CoreWeave for the second phase of the Helios development, granting access to an additional 260 MW of critical IT load. With the full 800 MW of approved power now committed, CoreWeave has secured long-term power availability at the Helios campus [2].

Galaxy estimates that the agreements with CoreWeave will generate more than $1 billion in average annual revenue over the 15-year term, assuming full capacity utilization of the critical IT load. The company has also secured 2.7 GW of additional power capacity across different stages of load study, with the potential to expand the Helios campus to support up to 3.5 GW of power at full buildout [2].

In parallel with its infrastructure developments, Galaxy has continued to bolster its Bitcoin holdings, reflecting ongoing confidence in the cryptocurrency market. Novogratz has maintained a bullish stance on Bitcoin, especially as economic pressures persist globally. Analysts have also noted the potential link between Bitcoin’s price movements and the weakening U.S. dollar, with Galaxy’s strategic positioning reinforcing these trends [3].

The shift from a crypto-centric model to one centered on AI and HPC infrastructure marks a broader strategic evolution for Galaxy Digital. The company’s expansion into energy-efficient and scalable computing solutions is aligned with increasing global demand for infrastructure capable of supporting AI workloads and large-scale data processing [2]. This evolution underscores the growing integration of blockchain and digital assets with traditional economic sectors, a theme central to Galaxy’s long-term vision.

Source:

[1] https://www.mitrade.com/au/insights/news/live-news/article-3-1045654-20250817

[2] https://seekingalpha.com/pr/20202372-galaxy-closes-1_4-billion-project-financing-facility-to-accelerate-helios-ai-datacenter

[3] https://cryptodnes.bg/en/tag/bitcoin/page/67/