Galaxy Digital Obtains Regulatory Approval for Energy Expansion in Texas

The approval of the Texas electric grid operator marks an important milestone for Galaxy Digital, a company advancing in the construction of infrastructure dedicated to artificial intelligence and high-performance computing. The company’s shares rose 4% in the U.S. trading session, a notable move considering the overall decline in the crypto sector.

Helios Campus: Doubling Energy Capacity in Texas

Galaxy Digital (GLXY) received approval from ERCOT (Electric Reliability Council of Texas) to add an additional 830 megawatts of electrical capacity to its Helios data center campus located in West Texas. This authorization, following a comprehensive large load interconnection study, nearly doubles the site’s total load, raising it to over 1.6 gigawatts.

The project includes a service agreement with AEP Texas, with Wind Energy Transmission Texas serving as the interconnection provider. The first phase of construction at Helios is underway through a partnership with CoreWeave, a specialist in AI infrastructure. Power supply is expected to begin in early 2026.

Unprecedented Energy Demand Drives AI Strategy

Mike Novogratz, CEO of Galaxy Digital, noted that the electrical power request for AI computing in Texas reaches “unprecedented” levels, positioning the company to capture growth opportunities in this segment. The company is currently exploring additional land and energy resources in Texas and other U.S. states.

This expansion underscores the critical role of energy infrastructure as an enabler of the AI revolution, where demand for computational power is growing exponentially. Galaxy Digital positions itself as a key player in providing this essential infrastructure, diversifying its operations beyond cryptocurrency financial services into enterprise-class data center management.

Galaxy Digital Resilience Contrasts with Crypto Market Decline

The 4% rise in Galaxy Digital’s shares stands out in contrast to the performance of the rest of the crypto sector. Bitcoin fell below $96,000, while other digital assets like Coinbase (COIN), Circle (CRCL), and MARA Holdings (MARA) experienced declines of 3% to 5% during the day.

This differential movement reflects that investors distinguish between the performance of companies related to AI infrastructure and hardware—areas of real growth with tangible demand—and the volatility of the traditional cryptocurrency market. The regulatory approval for energy expansion in Texas highlights Galaxy Digital’s concrete progress in developing physical infrastructure assets, attracting interest from investors focused on business fundamentals.