Galaxy Digital’s Helios Expansion & $1.4B Financing: A Power Move in Crypto Infrastructure (2025)
- How Did Galaxy Digital’s Financials Perform in Q3 2025?
- What’s the Big Deal About Helios’ $1.4B Financing?
- Why Is Galaxy’s 800MW AI Deal a Game Changer?
- How Did Trading and Lending Smash Records?
- What’s Driving Galaxy’s Asset Management Boom?
- FAQs: Your Galaxy Digital Cheat Sheet
Galaxy Digital isn’t just riding the crypto wave—it’s building the dam. In Q3 2025, the firm reported explosive growth: $629M in adjusted EBITDA, a 140% surge in trading volumes, and a jaw-dropping $9B bitcoin sale. But the real headline? Its Texas-based Helios data center secured $1.4B in financing, locked in a game-changing 800MW AI power deal with CoreWeave, and expanded to 1,500 acres. Meanwhile, Galaxy’s staking division hit $17B in platform assets. Let’s unpack how they’re rewriting the crypto infrastructure playbook. ---
How Did Galaxy Digital’s Financials Perform in Q3 2025?
Galaxy’s earnings report reads like a crypto trader’s dream diary. Adjusted EPS hit $1.12 (up from $1.01 diluted), while its trading desk and investments drove $629M in EBITDA—equivalent to buying 15,000 BTC at current prices. Total equity? A cool $3.2B, with $1.9B in cash and stablecoins. But the kicker: their trading volume exploded by 140% YoY, fueled by institutional demand for spot and derivatives. One eyebrow-raising stat: Galaxy executed an 80,000 BTC ($9B) sale, likely capitalizing on the post-halving liquidity crunch. As one BTCC analyst noted, “This isn’t just trading—it’s market-making at scale.”
What’s the Big Deal About Helios’ $1.4B Financing?
Imagine a data center so massive it could power a small country. Enter Helios Phase I: fully funded via a $1.4B facility, covering its $1.7B price tag. But Phase II is where it gets spicy. CoreWeave—the NVIDIA-backed cloud giant—signed for 133MW, maxing out Helios’ 800MW capacity for AI workloads. Then came the $460M equity injection from a mystery “top-tier asset manager” (BlackRock? Vanguard? Galaxy’s playing coy). The site now spans 1,500 acres with 2.7GW potential power—enough to mine Bitcoin *and* train ChatGPT-6. ERCOT’s reviewing permits, but let’s just say Texas’ grid might need an upgrade.
Why Is Galaxy’s 800MW AI Deal a Game Changer?
AI’s energy hunger meets crypto’s infrastructure in this power play. CoreWeave’s lease turns Helios into a dual-use fortress: mining during off-peak hours, crunching AI models at others. For context, 800MW could power 640,000 homes—or train 100,000 LLMs simultaneously. Galaxy’s land grab (2.7GW potential) hints at ambitions beyond Bitcoin. As one industry insider quipped, “They’re not building a data center—they’re building a *grid*.”
How Did Trading and Lending Smash Records?
Galaxy’s Global Markets division raked in $295M in gross profit, thanks to a perfect storm: volatile crypto markets and a frothy investment banking quarter. Their loan book ballooned to $1.8B (clients clearly aren’t HODLing), while IB deals like Forward Industries’ $1.65B private placement padded fees. Fun fact: Galaxy advised CoinMetrics on its sale to Talos—proving even data providers need crypto-savvy bankers.
What’s Driving Galaxy’s Asset Management Boom?
$23M in gross profit, $2B in net inflows, and $9B AUM tell the story. The star? $4.5B in new digital treasury mandates, generating $40M in recurring fees. Post-quarter, Galaxy integrated with a global custodian (rumored to be Fidelity), letting clients stake directly through its nodes. Translation: institutions want yield without operational headaches. With $17B in platform assets, Galaxy’s becoming the BlackRock of crypto.
---FAQs: Your Galaxy Digital Cheat Sheet
How much did Galaxy Digital raise for Helios?
$1.4B in project financing, plus a $460M equity investment from an unnamed asset manager.
What’s CoreWeave’s role in Helios?
They leased all 800MW of Phase II capacity for AI/GPU workloads—a Texas-sized bet on AI’s future.
Did Galaxy sell Bitcoin in Q3?
Yep—80,000 BTC ($9B worth), likely to fund expansion and capitalize on post-halving price action.
