Galaxy Digital Inc. (GLXY) just gave its Texas data center ambitions a serious jolt of energy. The company announced Thursday that it completed interconnection studies with ERCOT and secured approval for an additional 830 megawatts of computing demand at its Helios data center campus in West Texas.
Here's why this matters: That approval effectively doubles Galaxy's total power capacity at Helios to more than 1.6 gigawatts. If you're keeping score at home, that's enough juice to power a small city, except instead of homes and businesses, we're talking about AI workloads and high-performance computing.
Building Out the Infrastructure
Galaxy completed a Large Load Interconnection Study and got the green light from the Electric Reliability Council of Texas, the grid operator that keeps the lights on across most of the Lone Star State. The company also locked down a service agreement with AEP Texas for the additional capacity, with Wind Energy Transmission Texas facilitating the interconnection studies.
The additional capacity supports Galaxy's vision of transforming Helios into a multi-gigawatt, multi-tenant data center campus specifically designed for artificial intelligence and high-performance computing workloads. Translation: This isn't just about crypto mining anymore. Galaxy is positioning itself to serve the massive infrastructure needs of the AI boom.
Construction is already underway for the first phase of Helios under a long-term lease agreement with CoreWeave, with initial power delivery expected in early 2026. And Galaxy isn't stopping there—the company said it's actively evaluating additional power and land opportunities both in Texas and beyond.
Earnings on the Horizon
Galaxy is scheduled to report fourth-quarter and full-year 2025 financial results before markets open on February 3. Analysts are expecting a loss of 24 cents per share alongside revenue of $13.67 billion.
What the Charts Say
From a technical perspective, Galaxy is showing some serious momentum. The stock is currently trading 30.7% above its 20-day simple moving average and 9.1% above its 100-day SMA, which signals strong short-term momentum. Over the past year, shares have climbed 40.31%, positioning them much closer to their 52-week highs than lows.
The RSI sits at 69.71, which is considered neutral territory—not yet overbought, but getting warm. Meanwhile, the MACD is above its signal line, flashing bullish momentum that could continue attracting buyers. The combination suggests mixed momentum signals, but the overall trend remains decidedly positive.
The Risk-Reward Picture
Looking at the broader scorecard, Galaxy presents an interesting risk-reward profile. On the momentum front, the stock scores 83 out of 100, clearly outperforming the broader market. But the value score of 55.98 out of 100 suggests the stock is trading at a premium relative to peers.
The verdict? Galaxy Digital is showing classic "high-flyer" characteristics. The momentum confirms a strong trend, but the valuation suggests the stock is priced for perfection. For investors riding this wave, tight stop-losses might be wise given the premium valuation.
At the time of writing, GLXY stock was trading 3.42% higher at $33.08.
