"I’m excited to join Galaxy Digital at such a crucial time for the company," said Steven Bandrowczak, who recently took on the role of independent director at the tech-forward firm. Bandrowczak, previously the CEO of Xerox, brings a wealth of experience in large-scale technology infrastructure to a company that is undergoing significant transformation.
Galaxy Digital is currently expanding its $15 billion Helios campus in West Texas, which is evolving from its original purpose as a Bitcoin mining facility into one of the largest AI data centers in the United States. This expansion is not just ambitious but requires a solid infrastructure capable of supporting over 1.6 gigawatts of approved power capacity, a feat that speaks volumes about the company's commitment to redefining its business model.
Just this month, Galaxy achieved a major milestone with the completion of Phase I of the project, successfully delivering 133 megawatts of energy to CoreWeave a prominent player in GPU cloud computing for AI. This is backed by substantial funding, including a $1.4 billion project financing facility secured in August 2025 and an additional $460 million raised specifically for this expansion.
Having Bandrowczak onboard adds credibility to Galaxy's vision, especially for institutional investors who may have reservations about a crypto firm managing such an enormous infrastructure project. His experience leading a Fortune 500 company is viewed as a significant asset for navigating the complexities involved. Galaxy Digital, which trades on NASDAQ under the ticker GLXY, now has the potential to tap into a broader investor base, a crucial factor as they aim to scale operations from 133 megawatts to the ambitious target of 1.6 gigawatts. Meeting deadlines and staying within budget will be essential for the project's overall success.
this article is for informational purposes only and does not constitute financial advice
