Cello

OG Guardian of the galaxy

[mert @mert]

"we couldn't do anything useful for citizens in my 14 years of office allocating 60 trillion USD. but if we can just steal from the rocket science electric car guy, then we can solve all your problems."

[Morgan 🦋 @MorganPCALLB]

Tracey Johnson is a hero.

She jumped into that crocodile enclosure and saved that child.

[PK @paul_k_0907]

If you’re thinking you had a bad day… Polen Capital decided the AI rally was overdone. In June 2023 they told clients Nvidia’s upside was “already priced in,” passed on it and Broadcom, and stuck with “durable” software instead: Adobe, Salesforce, ServiceNow, plus Shopify, CoStar, Paycom, Intuit, SAP — the exact cohort getting repriced for AI disruption.

The bill: ~60% of firm assets gone, almost $50B, in four years. The flagship fund’s down 45% from its 2021 peak during a historic bull market, now 243rd of 249 peers. They finally bought Nvidia in late 2025 — after admitting the bear call was wrong. 💀

[Cello @cellocapital]

@RichLoPresti @NicolasFlamelX Rich gets it!

[Nicolas Flamel @NicolasFlamelX]

This is very relevant to the Helios $GLXY thesis:

1. Batch Zero is now officially approved.
PUCT approved ERCOT’s new process for large electricity users, meaning projects of 75 MW+ will be grouped into one batch study instead of reviewed one by one. ERCOT says this is meant to fairly allocate grid capacity, identify needed transmission upgrades, and prevent data centers from overwhelming the grid.

2. The scale of demand is insane.
ERCOT says it is tracking 438,000 MW of large-load requests, with almost 89% from data centers. That number is almost comically large. It confirms the basic bull case: power access is the bottleneck.

3. Galaxy looks advantaged because Helios already has 1.6 GW approved.
Galaxy announced in January that Helios had completed ERCOT Large Load Interconnection Studies and had over 1.6 GW of ERCOT-approved, utility-contracted power capacity. That matters because ERCOT is now tightening and formalizing access for everyone else.

4. The next key date is August 2026.
ERCOT says Batch Zero applicants should be notified of their project classification in August 2026. That is probably the moment where the market gets more clarity on who is real, who gets studied, and who is stuck waiting. The final transmission plan is expected in Fall 2027, and Batch 1 applications are expected to open in Summer 2027.

5. This is bullish for already-approved capacity, but not automatically bullish for every expansion dream.
For Galaxy, the strongest point is not “ERCOT approved Batch Zero, so Helios gets everything.” The stronger point is: scarcity is becoming visible and formalized. If Galaxy already controls 1.6 GW approved/contracted capacity while ERCOT is now managing hundreds of GW of demand through a bottlenecked process, Helios becomes more valuable.

[Billboard Chris 🌎 @BillboardChris]

@RupertLowe10 Keir Starmer should be in prison with the paedophiles.

"While Sir Keir Starmer was the Director of Public Prosecutions, it has been reported that 13,000 suspected rape gang members and paedophiles were let off with warning letters."

[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.

[Cello @cellocapital]

@DimitrisSoudas @jamiljivani Cancel them all and let’s just focus on canadian heritage :)

[Roman Baber @Roman_Baber]

In @MarkJCarney's Canada, a 15 year old is welcome to inject fentanyl in a taxpayer funded facility, but can't have a Facebook account.

More evidence that Modern Liberalism is a mental disorder.

[Cello @cellocapital]

@XFreeze This is actually insane lol

[X Freeze @XFreeze]

Britain now arrests more people for social media posts than China, Russia, and Turkey combined nearly matching the rest of the top 10 countries combined

Britain really leads the world on these thought crimes

Insane how the UK, which used to be a free country, turned out to be so totalitarian

[tobi lutke @tobi]

These bills, along with C-22 and C-9 constitute a total erosion in Canada’s basic liberties. They interlock into making Canada essentially unviable for those with choices on where to build.

[Aaron Gunn @AaronGunn]

It should alarm every Canadian that the primary use the Liberals have made of their new, backroom, bribe-bought majority has been to ram through legislation that censors the internet, spies on citizens, and lays the groundwork for a virtual surveillance state.

[Cello @cellocapital]

@Polymarket That’s wild.

[Inevitable West @Inevitablewest]

Australia ban on social media for u16s:

- exempts Bluesky

UK ban on social media for u16s:

- exempts Bluesky

The establishment wants to control the rapid shift to the right while promoting a far-left platform as its replacement (fortunately, no one is interested).

[Metav3rse @themetav3rse]

The teenager who built Oculus VR in his garage, and sold it to Facebook for $2 billion, talks about the most uncomfortable argument about American manufacturing.

"You cannot divorce innovation from the act of manufacturing. You make the stuff, that's where the innovation takes place."

"We were not teaching engineers how to be engineers anymore. We're teaching them how to be high-level design shops that put together a design package that gets sent to the real engineers in China, and they actually figure out how to do the work."

"They don't get 50% more for their dollar. They get like 10x for their dollar. Things that here would take a million dollars, you do there for $50,000, $100,000."

"Their people are just genuinely extremely good. They have the world's best battery engineers, many of the world's best metallurgists, many of the world's best optical engineers."

"The largest laptop manufacturer for the Pentagon is Lenovo, which is owned by China. Their headquarters has a flagpole with the CCP party flag and then the Lenovo logo under it. It's nuts."

PS. Follow us @themetav3rse for latest news on emerging technology and internet culture.

[Cello @cellocapital]

@AprilSpark1890 @WyattCatarina I’m looking forward to eating at this restaurant

[Cello @cellocapital]

@piquedarm @PalmerLuckey @krassenstein lol hey stupid

[Cello @cellocapital]

@datacentredanny @hundredMs @colintrades1 @MikeNasser91 I need to buy some more $GLXY tomorrow at market open

[Data Centre Danny @datacentredanny]

You’re not long enough

$GLXY

@hundredMs
@colintrades1
@MikeNasser91
@cellocapital