Galaxy Digital: From Fluctuation to Predictability
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Author: Prathik Desai
Compiled by: Block unicorn
The bulldozer sits idle in the scorching heat. The site is desolate, the contract uncertain, and the idea of a cryptocurrency trading company transforming into an electricity company seems like a pipe dream.
A year ago, the Helios data center in Texas was just a promise in the desert.
Today, the situation is vastly different. Although the turbines have not yet started operating, the contracts have been signed and the financing deals completed. The land has been leased, and transformers have been ordered. This company, which previously relied on volatility for profits, is now investing in certainty.
Galaxy Digital's quarterly report as of September 30, 2025, may not directly reflect this situation, but a close examination of its data from the past year reveals a clear shift. Galaxy's trading department is still handling a number of