Galaxy Digital has recently marked a significant achievement by successfully concluding its ERCOT interconnection studies and securing approval for an impressive expansion of its power capabilities. This development empowers the company to enhance its operational scope, particularly at its Helios data center, signaling a robust growth trajectory in the competitive digital infrastructure landscape.
The company announced that it has finalized a comprehensive Large Load Interconnection Study, receiving the green light from the Electric Reliability Council of Texas for an additional 830 megawatts of computing capacity at its state-of-the-art Helios data center campus, situated in West Texas. This crucial approval has culminated in an executed service agreement with AEP Texas, effectively doubling Helios's total ERCOT-sanctioned and utility-contracted power capacity to more than 1.6 gigawatts. This substantial boost in capacity is poised to underpin the continuous evolution of Helios into a formidable multi-gigawatt, multi-tenant data center, specifically designed to accommodate the burgeoning demands of artificial intelligence and high-performance computing workloads. Construction efforts are already underway to facilitate the initial phase of Helios's expansion, in alignment with a long-term lease agreement with CoreWeave, with the first power delivery anticipated in early 2026. Furthermore, Galaxy Digital is actively exploring additional opportunities for power and land acquisition, both within Texas and beyond.
In response to these strategic advancements, Galaxy Digital's stock has experienced a positive shift, indicating strong investor confidence. The company is slated to unveil its fourth-quarter and full-year 2025 financial results prior to the market open on February 3. Market analysts are projecting an estimated loss of 24 cents per share, alongside revenues reaching $13.67 billion. From a technical analysis perspective, the stock is demonstrating significant short-term momentum, trading well above its 20-day and 100-day simple moving averages. Over the past year, shares have appreciated by over 40%, placing them favorably near their 52-week highs. While the Relative Strength Index (RSI) hovers in neutral territory, the Moving Average Convergence Divergence (MACD) indicates bullish momentum, attracting potential buyers. This blend of indicators suggests a positive overall trend, albeit with a degree of mixed momentum.
Galaxy Digital's strategic expansion in power capacity not only solidifies its position in the rapidly evolving digital infrastructure sector but also reflects a forward-thinking approach to meet the increasing demands of advanced computing technologies. This proactive development underscores the company's commitment to innovation and growth, promising a future of enhanced technological capabilities and sustainable progress in the digital realm.