Galaxy Digital Secures $460 Million for AI Data Center Expansion

Key Points:* Galaxy Digital secured $460 million to expand its AI data center.

• Funding earmarked for 133 megawatt IT capacity by 2026.
• Completion pending approval from Toronto Stock Exchange. Galaxy Digital, led by Mike Novogratz, secures $460 million to convert its Texas Bitcoin mining site into an AI data center, pending Toronto Stock Exchange approval by October 2025.

This shift reflects the trend of digital asset firms transitioning towards AI and data infrastructure amidst changing market dynamics, impacting Bitcoin mining operations significantly.

Galaxy Digital Invests $460 Million in AI Center Upgrade

Galaxy Digital Holdings Ltd. announced that it has secured $460 million through the acquisition of 12.77 million Class A shares, priced at $36 each. The funds are dedicated to the transformation of its defunct Bitcoin mining facility into a state-of-the-art AI data center. This expansion is expected to provide a boost in IT capacity, reaching 133 megawatts by early 2026.

With the shift towards AI technologies, Galaxy Digital repositions its infrastructure, moving away from Bitcoin mining. This realignment signals the diminishing profit margins within the mining sector due to increased hash rates and operating costs. Consequently, it marks a decisive pivot in Galaxy’s long-term strategic approach, supported by Mike Novogratz stating, “Having one of the world’s largest and most sophisticated institutional investors make such a significant investment in our company will support our strategic vision and our ability to build leading businesses across digital assets and data centers.”

The crypto community and industry leaders are closely monitoring these proceedings. Novogratz emphasized the importance of institutional backing in advancing the company’s vision for digital assets and data centers. Pending Toronto Stock Exchange’s approval, this project sets a precedent within the sector for other organizations to consider aligning with AI advancements.

Bitcoin Market Resilience Amid Industry Shifts

Did you know? The shift from Bitcoin mining to AI data centers is part of a growing trend among cryptocurrency companies, reflecting challenges faced by miners due to increasing hash rates and reduced profitability.

Bitcoin’s value at the last update stood at $115,464.83, according to CoinMarketCap, with a market cap of $2.30 trillion and a dominance of 58.53%. The cryptocurrency recorded a 24-hour trading volume of $92.80 billion, showing a 21.95% change. With 19,932,790 BTC in circulation, the price change over the past 90 days slightly declined by 1.10%.

Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 08:56 UTC on October 13, 2025. Source: CoinMarketCap Coincu’s research team suggests that innovations in AI and blockchain technologies present multiple new financial opportunities. With robust institutional support, companies can navigate regulatory landscape changes effectively, ensuring adaptability and sustained growth going forward.