How Galaxy Digital Turned A $65 Million Bitcoin Mining Rescue Into A $4.5 Billion AI Infrastructure Deal

Article summary

Galaxy Digital turned its $65 million acquisition of the Helios mining facility during the 2022 crypto downturn into a major AI infrastructure business, anchored by a roughly $4.5 billion hosting agreement with CoreWeave. Despite the deal's potential to generate more than $1 billion in annual revenue, investors continue to value Galaxy largely as a crypto company.