In its 2025 annual report and first Nasdaq 10‑K, Galaxy Digital CEO Mike Novogratz described the firm’s transition from a pure-play digital asset company to a diversified platform anchored by AI/high‑performance computing. He highlighted Helios, the West Texas AI data‑center campus, which has >1.6 GW of approved ERCOT capacity, including an initial 800 MW leased to CoreWeave (representing >$7.5B in capital investment) plus an additional 830 MW approved, valuing the site at well above $15B. Galaxy also manages about $12.3B in platform assets, launched the retail GalaxyOne product, and reported a $241M net loss in Q4 2025; Novogratz emphasized structural, long‑term demand for compute.

Facts from the report: Helios has >1.6 GW approved ERCOT capacity, 800 MW leased to CoreWeave (>$7.5B capex) plus 830 MW approved, supporting a valuation above $15B; Galaxy manages ~$12.3B in platform assets and launched GalaxyOne. These concrete capacity, lease and valuation figures are bullish for Galaxy’s AI/compute narrative, while the $241M Q4 net loss tempers near‑term outlook, producing a moderate positive sentiment and moderate trading impact.