Kenny Kirkpatrick

[Mike Novogratz @novogratz]

The Clarity Act is essential for America’s future. We are down to “word smithing” around an ethics clause. US citizens don’t want politicians financially getting a better ‘edge’ than the common citizen has. Both Republicans and Democrats know this. They both see the polls.

I am calling on both sides to read the room. This is going to mean that the Republican senators are going to have to push harder with the White House and that Dem senators need to realize they are not going to solve all corruption issues govt wide in a digital assets bill.

Prove to us that, like with housing, congress can still function for the long term good of the American people.

[Mike Novogratz @novogratz]

Galaxy Stadium is the new home of Red Raider Football. 🏈

@TechAthletics is a storied program, from a Big 12 title to one of the premier home-field environments in college football. As the official data center and digital assets partner of the Red Raiders, we're proud to be part of that story.

We've been building and investing in nearby Dickens County, where @galaxyhq's Helios campus now carries 1.6 GW of capacity powering the infrastructure behind the code economy. Texas Tech grads are already on our team there, and for the next generation of talent, this is a direct pipeline into the AI and digital assets industry.

#WreckEmTech

[Kenny Kirkpatrick @Trader_Kenny]

@NicolasFlamelX @GavinSBaker @arthur0x $GLXY the wait is killing me

[Milk Road @milkroaddaily]

Galaxy CEO Mike Novogratz thinks the market is massively undervaluing them - and he ain't subtle about it.

"What I don't feel like we get any value for is growth."

They're hunting new data center sites, the US is short on power, and he sees it as a repeatable process.

Once phase I is fully cash flowing, he thinks the valuation story changes fast (and we tend to agree).

FT @Novogratz @GalaxyHQ.

[Rich LoPresti @RichLoPresti]

Going to be a busy summer… what’s coming up for $GLXY ?what else are we missing from this calendar timeline list @galaxyhq ?

[Galaxy @galaxyhq]

Full Press Release Here: https://t.co/pWesehOUH8

[Mike Novogratz @novogratz]

Everyone in AI needs power. Most are waiting years to get it. Phase I of Helios, our 1.63 GW data center campus, is fully online. 133MW generating revenue, delivered on schedule. Phase II next!! $GLXY

[Galaxy @galaxyhq]

Phase I of our Helios data center campus is done. On schedule. On budget.

All 133MW of critical IT load now generating full revenue.

Phase II is already underway. 260MW more, live in H1 2027.

Big things coming.

$GLXY

[Jonathan Goldowsky @jonathan_mg27]

$GLXY completed delivery of 133 MW of Critical IT Load ("Phase I") to CoreWeave on schedule at our Helios campus.

Our ambition is to build a multi-campus, multi-tenant, multi-gigawatt Data Centers business. The first step is earning trust and credibility by executing.

At a time when delays, cancellations and supply chain constraints have affected projects across the industry, delivering Phase I on time reflects the strength of our in-house team, our procurement strategy and our construction partners.

[Nicolas Flamel @NicolasFlamelX]

Galaxy Completes Phase I of Its Helios Data Center Campus, Delivering 133 Megawatts of Critical IT Load to CoreWeave

ON TIME, ON BUDGET

$GLXY

https://t.co/HAZuMLGhjl

[JR @seper8tor]

$GLXY Full slide presentation for Galaxy's Project Merlin in McGregor Texas. 1/2

[Rittenhouse Research @RHouseResearch]

Looks like Galaxy Digital $GLXY is set to announce a new data center development project in McGregor, TX.

"McGregor City Council approves new data center plans.. The company building the facility is Galaxy"

https://t.co/PvV4cLxlHs

[Jonathan Goldowsky @jonathan_mg27]

I love the story of Helios and don't think it gets talked about enough.

Back in December 2022, when BTC was trading below $20K, $GLXY acquired Helios for $65M. At the time, much of the industry was focused on survival. Crypto was 70%+ off its highs, liquidity was scarce, several companies had already gone bankrupt and many others were under significant pressure. Having risk managed the downturn well, $GLXY was in a position to play offense when others couldn't, and Helios was one of the opportunities that emerged from that environment.

When we acquired Helios, the site spanned 160 acres, had 60 MW of energized mining capacity, 180 MW of total approved power capacity and was staffed by 40 employees. Over the next 24 months, we expanded the site significantly. We acquired an additional 160 acres of contiguous land, increased energized mining capacity to 200 MW, expanded approved power capacity to 800 MW, took delivery of six main power transformers, grew the team to over 50 employees and scaled the operation to nearly $100M in annual mining revenue.

But while we were building, the opportunity set was changing. Advancements in AI were driving a surge in demand for compute and power and there wasn't enough data center capacity or available power to keep up. Grid constraints, supply chain bottlenecks and permitting delays were making it increasingly difficult to bring new capacity online. As a result, large scale sites with approved power access became incredibly valuable. We recognized that Helios was positioned to be much more than a bitcoin mining facility, so we made the decision to strategically pivot toward AI infrastructure, leveraging the expertise we had already built developing and operating power intensive BTC mining infrastructure at scale.

Fast forward to today and the transformation has been remarkable. Our Helios data center campus has grown to over 1,500 acres, with more than 1,000 workers on site daily supporting ongoing development and operations. We now have 1.63 GW of approved power capacity, with the potential to scale to 3.6 GW, which would make Helios one of the largest data center campuses in the world. CoreWeave is our anchor tenant, with 800 MW of gross power leased over the next 15 years. Beyond that, we have another 830 MW of approved capacity and are actively engaged with prospective tenants to lease the remaining capacity.

What started as an opportunistic acquisition during one of the most challenging periods in crypto has evolved into a cornerstone asset positioned at the center of one of the most important secular trends of the next decade: AI infrastructure.

[Inverse Paul Allen @CillianBraille]

Just some food for thought: Today is a 10% up day for $GLXY along with the entire market, on approx. 6MM shares traded. Peer comps: $IREN 41MM (equivalent of 70MM/share price) $CIFR 20MM $NBIS 12MM (equivalent of 126MM/share price). What happens when the next tenant is anounced, it becomes a datacenter comp (finally) and trades even 30MM shares on average daily?

Oh also, there are 24 million short shares and the tradable float after accounting for 195MM+ owned by Novogratz and another 100MM+ by institutions is probably 80MM shares.

[Jonathan Goldowsky @jonathan_mg27]

$GLXY is building the infrastructure that will underpin two of the most powerful forces reshaping the global economy: the proliferation of AI and the digitization of financial services.

AI Infrastructure
The future of digital innovation will depend on the development and expansion of AI data centers. $GLXY owns a 1,500+ acre campus in Texas with 1.63 GW of approved power capacity and the potential to scale to 3.6 GW, making it one of the largest data center campuses in the world. We're also actively evaluating a pipeline of new sites across the U.S. and I expect we will be discussing a multi-campus portfolio within the year.

Digital Infrastructure
As blockchains increasingly become the rails for moving, settling and storing value, the world's largest financial institutions are recognizing the need for the technology, infrastructure and expertise to operate in this new environment. Over the past 8+ years, $GLXY has built a full blockchain infrastructure stack spanning wallet infrastructure, private key management, staking, tokenization and more. We've used this infrastructure internally at scale and now provide it to institutions through custom deployments, white label solutions and managed services.

The next decade will be defined by exponential growth in compute and the continued digitization of the economy. $GLXY is positioned at the center of both.

[Frank Curzio @FrankCurzio]

$GLXY is @creechescorner's largest portfolio position, and the disconnect between crypto markets and @galaxyhq has rarely been wider.

Most investors still view Galaxy as a crypto company, but the real story is its emerging AI infrastructure business.

Galaxy is currently developing 1.6 GW of data center capacity, positioning it as a potentially significant player in the AI compute buildout.

CoreWeave is also a key part of the thesis, adding another layer of upside.

And we believe Galaxy could be nearing a major catalyst: an announcement on a signed data center tenant in the near future.

This is a buy on every pullback.

[Jonathan Goldowsky @jonathan_mg27]

Earlier this week, the ERCOT Board approved the eligibility rules for Batch Zero, marking another important step in the transition to ERCOT's new batch interconnection framework. The rules have been under development for several months and provide the criteria for which projects will be included in Batch Zero and how they'll be treated. The batch framework replaces the legacy serial study process with a coordinated approach for evaluating large load interconnections.

The framework now moves to the PUCT for final approval. Companies have until July 10 to submit materials and receive approvals under the current process. Beginning July 11, the Batch Zero Interconnection Study will be the only pathway for large loads seeking to connect to the ERCOT system.

The next key milestone is ERCOT's notification to transmission and distribution providers regarding project inclusion and classification in Batch Zero, which is expected on August 7. That's when we expect greater clarity on the status of $GLXY's additional power under study at Helios as it relates to Batch Zero.

As a reminder, $GLXY already has 1.63 GW of approved grid capacity at Helios, making it one of the largest 100% front-of-the-meter data center campuses in North America.

[Galaxy @galaxyhq]

Helios Data Center Campus. West Texas.

✅Operational.

Stay tuned.

[Galaxy @galaxyhq]

Nearly half of US data centers planned for this year are expected to be delayed or canceled. Lead times for power and infrastructure have stretched past five years.

Against that backdrop, our Helios data center campus in West Texas is delivering:

→ First data hall delivered to @CoreWeave

→ On track to deliver substantially all 133MW of Phase 1 critical IT capacity by end of Q2

→ Phase 2 under construction

→ Approved to support up to 1.6GW of capacity

→ One of the largest data center developments in North America

The single most important de-risking moment for Galaxy as we prove we can take a site from concept to operational AI data center.

Execution is the moat.