Galaxy Digital CEO Mike Novogratz announced in the company's annual report that its Helios data center campus has surpassed a $15 billion valuation. This milestone positions Galaxy Digital at the forefront of the surging demand for AI compute power.
Novogratz described the company's recent Nasdaq debut as a key turning point, affirming the reality of the digital economy and Galaxy's leadership within it. The firm has evolved into a diversified platform, encompassing asset management, institutional trading, and AI-driven high-performance computing data centers.
The Helios campus in West Texas has secured over 1.6 gigawatts of approved power capacity. The initial 800 megawatts is already leased to AI cloud provider CoreWeave, representing over $7.5 billion in capital investment. With an additional 830 megawatts approved, Helios's valuation now exceeds $15 billion. Novogratz emphasized that demand for compute is a structural condition defining the next decade.
Beyond infrastructure, Galaxy manages approximately $12.3 billion in digital assets. The company also expanded into retail finance with GalaxyOne, a platform offering high-yield accounts and commission-free trading in equities and crypto. Despite a net loss of $241 million in the fourth quarter of 2025, Novogratz remains optimistic about the firm's future.