Galaxy Completes ERCOT Interconnection Studies and Secures Approval for Additional 830 Megawatts at Helios Data Center Campus, Doubling Total Approved Power Capacity to over 1.6 Gigawatts
Rhea-AI Summary
Galaxy (NASDAQ: GLXY) completed ERCOT Large Load Interconnection Study approvals and secured an additional 830 MW of computing demand capacity at its Helios data center campus in West Texas, via a service agreement with AEP Texas and transmission interconnection via WETT.
The approval doubles Helios's ERCOT-approved, utility-contracted capacity to > 1.6 GW, supports multi-tenant AI and HPC deployments, and follows steady-state and stability LLIS reviews. Construction is underway to support the first phase under Galaxy's lease with CoreWeave, with initial power expected beginning in early 2026. Galaxy is evaluating additional power and land opportunities in Texas and beyond.
Positive
- ERCOT approval for an additional 830 MW at Helios
- Total approved, LLIS-complete capacity now over 1.6 GW
- Service agreement executed with AEP Texas for the new capacity
- Construction underway to deliver initial power in early 2026
- Supports multi-tenant AI/HPC demand and lease with CoreWeave
Negative
- None.
News Market Reaction
On the day this news was published, GLXY gained 13.48%, reflecting a significant positive market reaction. Argus tracked a peak move of +11.8% during that session. Our momentum scanner triggered 129 alerts that day, indicating very high trading interest and price volatility. This price movement added approximately $1.53B to the company's valuation, bringing the market cap to $12.85B at that time. Trading volume was elevated at 2.8x the daily average, suggesting notable buying interest.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
GLXY gained 5.11% while key capital markets peers like SF, EVR, JEF, and HLI showed modest single-digit gains and NMR was slightly negative. With no peers in the momentum scanner, the move appears stock-specific to this AI data center capacity news rather than a broad sector rotation.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 23 | Venture investment | Positive | -0.1% | Galaxy Ventures participated in a $35M Series A for AX futures exchange. |
| Dec 16 | Portfolio company raise | Positive | -0.9% | Last Energy closed an oversubscribed $100M+ Series C with Galaxy participation. |
| Dec 15 | Crypto ETP launch | Positive | -8.3% | Invesco and Galaxy launched the Invesco Galaxy Solana ETP (QSOL). |
| Dec 10 | Tokenized fund launch | Positive | +0.2% | State Street and Galaxy announced the SWEEP tokenized private liquidity fund. |
| Dec 04 | Staking acquisition | Positive | +2.9% | Galaxy acquired Alluvial and became Development Company for Liquid Collective. |
Recent GLXY news has skewed positive in tone, but price reactions have been mixed, with several constructive crypto and venture updates seeing flat or negative next-day moves and only some infrastructure/strategic expansions aligning positively.
Over the last six weeks, GLXY has reported a series of growth-oriented updates. These include venture investments such as Architect Financial’s $35M Series A and Last Energy’s oversubscribed $100M+ Series C, plus new product launches like the Invesco Galaxy Solana ETP and the planned SWEEP tokenized liquidity fund seeded with about $200M. GLXY also expanded into liquid staking by acquiring Alluvial, with Liquid Collective assets reaching roughly $1B and Galaxy reporting about $6.6B in assets under stake as of Sept. 30, 2025. Today’s Helios power approval extends this buildout theme into AI/HPC infrastructure.
Market Pulse Summary
The stock surged +13.5% in the session following this news. A strong positive reaction aligns with GLXY’s announcement that Helios secured an additional 830 MW of ERCOT-approved capacity, taking total contracted power to over 1.6 GW. This followed months of growth-oriented updates across staking, tokenization, and venture activities, where price responses were mixed. Elevated volume at 1.68x the 20-day average suggests focused attention on the AI/HPC data center angle, though past divergences after good news highlight that sentiment has not always translated into sustained gains.
Key Terms
large load interconnection study technical
electric reliability council of texas regulatory
ercot regulatory
high-performance computing technical
AI-generated analysis. Not financial advice.
Approval anchors Helios's evolution into a multi-gigawatt AI data center campus and strengthens Galaxy's long-term strategy
This new 830 MW approval represents a major step forward in Helios's long-term development, effectively doubling the campus's approved power capacity and supporting multi-tenant partnerships. The approval follows ERCOT's review of required LLIS Study Elements (specifically, a steady-state study and a stability study) and further positions Galaxy among the largest and fastest-growing data center developers in
With construction underway to support the first phase of Helios under Galaxy's long-term lease agreement with CoreWeave, the Company remains on track to deliver initial power beginning in early 2026. The newly approved capacity expands Galaxy's development runway and advances the Company's mission to build a multi-campus, multi-tenant, multi-gigawatt data center platform designed to power the future of AI and HPC workloads.
"Securing this additional 830 MW approval from ERCOT is a watershed moment for Galaxy and affirms our position as an operator capable of executing hyperscale AI data center development," said Mike Novogratz, Founder and CEO of Galaxy. "The demand for high-density, AI-ready data center capacity in
Galaxy is evaluating additional power and land opportunities in
Galaxy will report fourth quarter and full year 2025 financial results before the opening of Nasdaq and the Toronto Stock Exchange on Tuesday February 3, 2026.
Galaxy Digital Inc. (Nasdaq/TSX: GLXY) is a global leader in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. Our digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. In addition, we develop and operate cutting-edge data center infrastructure to power AI and HPC workloads. Our 1.6 GW Helios campus in
Disclaimers and Additional Information
The TSX has not approved or disapproved of the information contained herein.
CAUTION ABOUT FORWARD-LOOKING STATEMENTS
The information in this document may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), Section 21E of the Securities Exchange Act of 1934, as amended and "forward-looking information" under Canadian securities laws (collectively, "forward-looking statements"). Our forward-looking statements include, but are not limited to, statements regarding our or our management team's expectations, hopes, beliefs, intentions or strategies regarding the future. Statements that are not historical facts, including statements about future power potential at Helios and our plans and expectations with respect to our data center business, are forward-looking statements. In addition, any statements that refer to estimates, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this document are based on our current expectations and beliefs concerning future developments and their potential effects on us taking into account information currently available to us. There can be no assurance that future developments affecting us will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks include, but are not limited to: (1) changes in applicable laws or regulations; (2) the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; (3) changes or events that impact the cryptocurrency and AI/HPC industry, including potential regulation, that are out of our control; (4) the risk that our business will not grow in line with our expectations or continue on its current trajectory; (5) the possibility that our addressable market is smaller than we have anticipated and/or that we may not gain share of it; (6) any delay in construction at Helios; (7) liquidity or economic conditions impacting our business; (8) technological challenges, cyber incidents or exploits; and (9) those other risks contained in filings we make with the Securities and Exchange Commission (the "SEC") from time to time, including in our Quarterly Report on Form 10-Q for the quarter ended September 30, 2025, filed with the SEC on November 10, 2025, and available on Galaxy's profile at www.sec.gov/edgar. Factors that could cause actual results to differ materially from those described in such forward-looking statements include, but are not limited to, a decline in the AI/HPC market or general economic conditions; a delay or failure in the development or construction of infrastructure for our data center business or our other businesses; and changes in applicable law or regulation and adverse regulatory developments. Should one or more of these risks or uncertainties materialize, they could cause our actual results to differ materially from the forward-looking statements. Except as required by law, we assume no obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements. You should not take any statement regarding past trends or activities as a representation that the trends or activities will continue in the future. Accordingly, you should not put undue reliance on these statements.
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SOURCE Galaxy Digital Inc.
FAQ
What did Galaxy (GLXY) announce on January 15, 2026 about Helios capacity?
How does the new 830 MW ERCOT approval affect Galaxy's Helios data center (GLXY)?
When will Helios begin receiving power under Galaxy's (GLXY) plan?
Which parties are involved in the Helios interconnection for Galaxy (GLXY)?
Does the January 15, 2026 announcement change Galaxy's data center strategy (GLXY)?
Will Galaxy (GLXY) seek more power or land after the Helios approval?
