man_from_nowhere

full-time speculator | ex-investment banker | none of my tweets are financial advice

[man_from_nowhere @jsim323]

@ByzGeneral But because he scored, he will start again to the detriment of the team. Spain will be a test to see how long he stays in the game

[man_from_nowhere @jsim323]

@Sportsnet @SportsnetSpec He’s a great reg season goalie. But when stakes are high, he can’t be counted on. This is not just these past playoffs either. With the leafs he was a leaky playoff goalie.

[man_from_nowhere @jsim323]

@10mirbeyxx This has to be ai

[man_from_nowhere @jsim323]

@CKCapitalxx Just copying Musk $SPCX playbook. Relentless buildout of ai compute to own, and lease out excess compute, if any. Pretty prudent risk management. Bet on your own llm succeeding and if not, pivot and sell excess capacity when idle and resume/term out existing customers when needed

[man_from_nowhere @jsim323]

@LORD_WETTE Just bc $META has failed at their own llm model does not mean their is no demand for bare metal DCs. In fact, quite the opposite as $META needs bare metal DCs to compete in neocloud biz and they see the future boom in selling tokens. $META may very well be interested in Helios

[Milk Road @milkroaddaily]

Our Head of Research, @KyleReidhead, just sold some of his $ETH and $BTC to buy more Galaxy $GLXY.

@m0xt_ (our Lead Crypto Analyst) is adding to his $GLXY position too.

Both already held big positions in it, and both are buying more.

Here's why (save this):

Galaxy is really two businesses under one ticker.

Its stock price mostly moves with Bitcoin and Ethereum, so the market treats it like a crypto play. But the company also runs one of the largest AI data center campuses in the United States.

Kyle thinks that data center side is worth more than the stock price shows, and that the crypto link is keeping a lid on it.

So he sold some $ETH and $BTC to put more money into the part he thinks is mispriced.

→ The Helios campus in West Texas has 1.6 gigawatts of approved power, with room to grow to 3.5.

→ CoreWeave, one of the biggest AI cloud providers, signed a 15-year lease there.

→ Galaxy expects that lease to bring in over $1 billion a year, at roughly 90% margins.

The build is already underway.

@galaxyhq handed CoreWeave the first data hall in April and started earning rent on it. It also just won approval for a second Texas campus - a roughly $400 million site near SpaceX's facility outside Waco.

@m0xt_ is watching the chart and the calendar.

He sees the stock bouncing off its 200-day moving average, a line that often acts as support.

He's also pointing at two events coming up:

1/ Texas grid regulators are about to decide how much new power big operators like Galaxy will get under a new process called Batch Zero, with word expected in August.

2/ Galaxy has said Helios could be fully leased by the end of summer, which would mean a second major tenant alongside CoreWeave.

(Earnings land in early August too, so the next big update is coming soon.)

Both analysts already owned a lot of Galaxy, and both are adding more right as those catalysts line up.

Kyle is funding his add by trimming ETH and BTC. @m0xt_ is adding on the bounce off the 200-day line.

The exact entries, how large the positions already are, and how Kyle weighted the move out of crypto and into Galaxy are all inside Milk Road PRO.

Try it for $1, for 7 days - link in bio: @milkroaddaily

[Galaxy @galaxyhq]

$GLXY has been added to the Russell 1000 Index, a benchmark tracking roughly 1,000 of the largest U.S. companies by market cap.

The milestone marks Galaxy's leadership across digital assets and AI infrastructure. Galaxy operates at institutional scale in crypto markets while rapidly building and operating one of the largest data center campuses in the country.

[man_from_nowhere @jsim323]

@quxiaoyin Anthropic and OpenAI also have to invest into training their models unlike the Chinese ai firms, who simply wait and distill Anthropic and OpenAI latest releases. This is also why Chinese ai have not built a frontier model. Until they get access to chips, and invest, they won’t

[man_from_nowhere @jsim323]

@chinoalemano @stefanvanderlux @SpaceX @galaxyhq Won’t rule it out but I also question the validity of a potential deal with $SPCX. They have their own data centers with colossus etc that are underutilized. If anything, it would’ve made more sense for them to buildout McGregor themselves instead of leasing it from deal $GLXY.

[Galaxy @galaxyhq]

Galaxy CEO Mike Novogratz and CFO Tony Paquette answer investor questions in our latest AMA — including the latest updates on Helios, $GLXY's stock valuation, digital infrastructure, the CLARITY Act, and where Bitcoin and crypto markets are headed in 2026.

[man_from_nowhere @jsim323]

@OGCapital25 Bc its crypto business acts as an anchor to sp. until they decide to spin it out, the DC business will never be fully valued

[man_from_nowhere @jsim323]

@NoLimitGains Nope, government will bail out the entire industry. Just watch. They won’t let their voting base lose their retirement funds

[man_from_nowhere @jsim323]

@KosisoVall All true but no way kroos said this. Otherwise, Mr Thin Skin would never talk to him again

[man_from_nowhere @jsim323]

@ESPNFC Would’ve been a tap in!

[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.

[man_from_nowhere @jsim323]

@PTI These guys should stick to American football and basketball. They have no clue what they’re talking about

[man_from_nowhere @jsim323]

@DavidSacks @markjeffrey Another carefully played publicity stunt by Dario. The demand for a banned model will be insane

[Galaxy @galaxyhq]

Compute capacity and the runway to build it is increasingly scarce. Helios, our AI data center in West Texas, is delivering both — 1.6GW, on schedule.

[Paul Grewal @iampaulgrewal]

When we see CLARITY signed into law, there better be a big gold chair in the middle of the front row for @patrickjwitt . Heroic work being done to get this over the finish line.

[ColinTrades @colintrades1]

$GLXY is a 1.6GW data center, with half of that power already leased and the other half by end of summer

Sitting at $13B mc

Don’t overthink it 🧠