Galaxy Digital Files First Nasdaq Annual Report, Targets $15 Billion AI Data Center Expansion

Key Takeaways:

• Galaxy Digital filed its inaugural yearly study arsenic a Nasdaq-listed institution connected April 8, 2026, marking a caller epoch for the firm.
• Galaxy’s Helios AI information halfway successful West Texas has implicit 1.6 gigawatts of approved capableness and represents much than $15 cardinal successful projected infrastructure investment.
• CEO Mike Novogratz says Galaxy is targeting a multi-hundred-billion-dollar integer infrastructure portfolio arsenic organization request for compute accelerates into 2026.

Galaxy Digital Nasdaq Listing Signals Institutional Crypto Push arsenic Helios Expansion Hits 1.6 GW

The New York-based steadfast went nationalist connected Nasdaq aft years of operating successful U.S. over-the-counter markets, a determination Novogratz described successful the missive to stockholders arsenic much than a milestone. Galaxy has spent 8 years gathering crossed organization markets, plus management, onchain infrastructure, and AI information centers. The Nasdaq listing, Novogratz wrote, was the commencement of the adjacent chapter, not the decorativeness line.

Central to the report is Galaxy’s Helios campus, an AI information halfway installation located successful West Texas. The institution received approvals for much than 1.6 gigawatts of capableness astatine the site. The archetypal 800 megawatts were leased to Coreweave, a starring AI unreality provider, representing much than $7.5 cardinal successful superior investment. An further 830 megawatts are approved nether a build-to-suit model.

Novogratz said those 2 tranches unsocial enactment full projected semipermanent concern astatine Helios good northbound of $15 billion. He described request for compute powerfulness arsenic a structural condition, not a marketplace cycle, and said Galaxy plans to get further information halfway sites to physique toward what helium called a multi-hundred-billion-dollar portfolio diversified crossed geographies, tenants, and technologies.

Galaxy acquired the Helios tract during the crypto bear market of 2022. Novogratz referenced that timing successful the missive arsenic grounds of a pattern: the firm’s astir consequential moves person travel during downturns, erstwhile different players pulled back.

The study positions 2025 arsenic a twelvemonth of acceleration for onchain infrastructure, adjacent arsenic markets stayed volatile. Novogratz pointed to a displacement from narrative-driven crypto enactment toward regulated infrastructure, custody solutions, and tokenization platforms built for organization capital.

That framing tracks with broader manufacture conditions. Banks and plus managers that antecedently stayed connected the sidelines are present gathering straight connected blockchain rails. The U.S. authorities is holding Bitcoin connected its equilibrium sheet, thing Novogratz noted would person seemed unthinkable conscionable a fewer years ago.

The regulatory situation successful the U.S. played a recurring relation successful the letter. Novogratz said a clearer model is yet taking shape, and that convergence with infrastructure improvement is what volition unlock the adjacent question of organization superior moving onchain astatine scale.

Galaxy’s level spans 4 main concern lines: organization markets, plus management, onchain infrastructure, and the Helios information halfway operation. Novogratz said the operation is built for this circumstantial infinitesimal successful the integer economy’s development.

The Nasdaq listing brings greater visibility and reporting requirements for a steadfast that has agelong positioned itself arsenic a span betwixt Wall Street and integer assets. Filing a ceremonial yearly study with the Securities and Exchange Commission (SEC) marks a displacement successful however Galaxy presents itself to superior markets.

Novogratz closed the missive by crediting Galaxy’s unit for 8 years of enactment crossed bull and bear market conditions. He drew a examination to the aboriginal net buildout, arguing the digital economy is pursuing a akin arc, with a large infrastructure enlargement pursuing an archetypal play of speculation and narrative-driven growth.

Galaxy did not merchandise circumstantial gross oregon net figures successful the stockholder letter. The afloat fiscal results are included successful the implicit yearly study filed with the SEC connected April 8, 2026.

The institution said it remains focused connected scaling Helios, expanding its integer infrastructure footprint, and gathering the regulated fiscal rails it believes volition enactment the adjacent procreation of organization crypto activity.