Galaxy Digital Ditches Bitcoin for AI-And Pretends It’s Not a Big Deal

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In a somewhat amusing twist that makes one wonder if Wall Street’s finest are swapping their poker faces for a game of high-stakes musical chairs, Galaxy Digital has announced its grand plan to transform a quaint Texas Bitcoin mining site into a luxurious AI data estate. And how? By charming a rather large asset manager (whose name has been kept as secret as Lizzy Bennet’s confidence) into granting a modest sum of $460 million – quite enough to give even Mr. Bingley a run for his money, wouldn’t you say? 🎩💸

Galaxy Digital Awaits the Coveted Nod from Toronto (The TDot High Society) Stock Exchange

Our dear Mike Novogratz’s enterprise has, with the finesse of a debutante, received a hefty investment from what some suspect to be one of the globe’s most resplendent asset managers. The lavish fund will breathe new life into their formerly overworked Bitcoin digs, emulating a phoenix-if phoenixes enjoyed blockchain and quantum computing instead of ash and feathers. According to insiders (who’ve probably attended one too many investor soirées), the money will be gently poured into the transformation of their Texas treasure into a shimmering AI data center.

The magnanimous CEO has graciously admitted that this treasure trove is “significant” to support their “strategic vision,” a phrase that, much like a well-bred lady’s small talk, leaves one pondering what exactly it means. The funds will purchase a whooping 12.77 million Class A shares-at a modest $36 each, because who needs piggy banks when you have billion-dollar investments? 📈💰

In the meantime, Galaxy plans to lavish some of this newfound wealth on expanding its Helios campus-because what’s a digital empire without a sprawling, 133-megawatt haven for cold servers-and hopes to have it operational by next year. The entire affair is expected to reach a crescendo around October 17, 2025, though, much like an overly hopeful Regency romance, it still awaits the approving nod from the illustrious Toronto Stock Exchange.

Investments, Acquisition, and a Dash of Ambition-Oh My!

Would you believe that this bold move follows a modest $1.4 billion loan-an amount that would make even the most stoic financier reconsider their tea-time? Once they acquire Helios, Galaxy’s investment will balloon into a staggering 3.5 gigawatts of AI infrastructure-probably enough power to run a small colony on Mars, or at least keep the lights on during a Netflix binge.

Part of the plan involves sending out 800 megawatts to a charming AI cloud darling known as CoreWeave-who, one suspects, might be the new BFFs of Galaxy. Meanwhile, the remaining 2.7 gigawatts will be rented out like fine Regency houses-leased to other eager clients, because one data center simply cannot do everything alone, no matter how magnificent it sounds. And all this, starting in 2026, in exchange for annual riches exceeding $1 billion-an amount that makes even Austen’s heroine blush at the extravagance.

All in all, the bold gamble suggests that Galaxy Digital is betting its empire not on gold or bitcoins, but on the shiny promise of AI-because evidently, investing in the future is much more fashionable than mining for digital coins in an empty Texas field, which, frankly, is so last season. And we all wonder-what will they do next? Maybe turn their data center into a social club for the digital aristocracy? \uD83D\uDE09

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2025-10-11 19:55