Galaxy Digital shares surge 13.18% after hours on ERCOT approval for 830 MW data center expansion and $75M tokenized CLO issuance.

Galaxy Digital surged 13.18% in after-hour trading following multiple announcements highlighting infrastructure expansion and financial innovation. The company secured approval from ERCOT to add 830 megawatts of power capacity at its Helios data center in West Texas, doubling its total approved power to 1.6 gigawatts. This expansion, coupled with a tokenized collateralized loan obligation (CLO) to finance a $75 million credit facility for Arch Lending, underscored progress in scaling AI and high-performance computing infrastructure. The ERCOT approval validates Galaxy’s strategic pivot toward data center development, while the tokenized CLO demonstrates its ability to leverage blockchain for institutional financing. These developments align with investor optimism around regulatory clarity and institutional adoption of digital assets, despite ongoing debates over U.S. crypto oversight. The stock’s sharp rise reflects confidence in Galaxy’s dual growth drivers—expanding data center capacity and innovation in crypto-enabled financial products.