VERIFIEDBy Xavier Rivera· ·1 min read
Galaxy Delivers First Data Hall to CoreWeave, Boosts Helios to 1.6GW
Galaxy Digital reports a narrowed Q1 net loss of $216 million and delivers its first Helios data hall to CoreWeave. The move supports expansion into AI infrastructure with over 1.6GW capacity approval.
Source:CoinDesk
TL;DRAI · 60 sec read
Galaxy Digital narrows its first-quarter net loss to $216 million, or 49 cents a share, beating analyst estimates of 59 cents. Revenue falls to $10.2 billion from $12.9 billion a year earlier.
The company delivers its first data-center hall at the Helios campus in Texas to CoreWeave, marking the start of revenue from a long-term lease for artificial intelligence workloads.
Galaxy secures approval to double Helios power capacity to over 1.6 gigawatts, including an additional 830 megawatts. The facility will deliver 133 megawatts by the end of the second quarter.
Adjusted gross profit holds steady amid a business mix shift toward recurring fee revenue and transaction income. Disciplined expense management narrows the adjusted EBITDA loss.
GLXY shares drop 0.84% to $24.84.
The company delivers its first data-center hall at the Helios campus in Texas to CoreWeave, marking the start of revenue from a long-term lease for artificial intelligence workloads.
Galaxy secures approval to double Helios power capacity to over 1.6 gigawatts, including an additional 830 megawatts. The facility will deliver 133 megawatts by the end of the second quarter.
Adjusted gross profit holds steady amid a business mix shift toward recurring fee revenue and transaction income. Disciplined expense management narrows the adjusted EBITDA loss.
GLXY shares drop 0.84% to $24.84.
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