Galaxy Digital Shares Fall 10.06% as $1.4B AI Expansion Plan Begins Amid 346th Trading Volume Rank

On August 19, 2025, Galaxy Digital (GLXY) closed at a 10.06% decline, with a trading volume of $290 million, ranking 346th in market activity. The company announced a $1.4 billion financing package to expand its Helios AI datacenter in West Texas, including $350 million in equity and $1.05 billion in debt at 80% loan-to-cost. This funding will accelerate the campus’s transformation into a 3.5 GW AI and high-performance computing (HPC) hub, with initial power delivery to CoreWeave Inc. expected by early 2026.

The agreement with CoreWeave secures full utilization of the campus’s 800 MW capacity, including a second-phase lease for an additional 260 MW. Galaxy projects over $1 billion in annual revenue over 15 years, leveraging CoreWeave’s demand for AI infrastructure. This strategic shift from cryptocurrency to AI infrastructure aligns with the company’s acquisition of datacenter assets from Argo Blockchain in 2022, aiming to diversify revenue streams amid crypto market volatility.

Helios’s scalability is supported by an additional 2.7 GW of power under study, with Texas’s deregulated energy market and low-cost renewables enhancing cost efficiency. Liquid cooling technology further positions the campus as a sustainable AI infrastructure leader. Despite the financing’s 1.40 debt service coverage ratio and 36-month term, the stock’s post-announcement decline reflects market skepticism, though the project’s long-term viability remains strong.

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