--- title: "How Galaxy Digital Turned A $65 Million Bitcoin Mining Rescue Into A $4.5 Billion AI Infrastructure Deal" type: "News" locale: "en" url: "https://longbridge.com/en/news/290740624.md" description: "Galaxy Digital transformed a $65M Bitcoin mining acquisition into a $4.5B AI infrastructure deal via a hosting agreement with CoreWeave, expected to generate over $1B in annual revenue. Despite this success, investors still value Galaxy primarily as a crypto firm, causing its stock to lag peers. Analysts suggest spinning off the data-center division could unlock value by allowing valuation based on infrastructure multiples rather than crypto sector metrics." datetime: "2026-06-24T20:35:10.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/290740624.md) - [en](https://longbridge.com/en/news/290740624.md) - [zh-HK](https://longbridge.com/zh-HK/news/290740624.md) --- # How Galaxy Digital Turned A $65 Million Bitcoin Mining Rescue Into A $4.5 Billion AI Infrastructure Deal **Galaxy Digital** (NASDAQ:GLXY) may have stumbled into one of the most lucrative AI infrastructure deals in the sector after acquiring the Helios mining facility from distressed **Bitcoin** (CRYPTO: BTC) miner Argo Blockchain. ## **The $4.5 Billion Deal**, But Identity Crisis In an X post on June 23, investment firm Arca’s Chief Investment Officer **Jeff Dorman** highlighted that Galaxy’s transformation accelerated after it signed a 15-year hosting agreement with **CoreWeave** (NASDAQ:CRWV) valued around $4.5 billion. CoreWeave has since exercised expansion options that utilize the site’s entire currently approved 800 MW power capacity. Galaxy expects the facility to generate more than $1 billion in annual revenue on average over the contract term, with lease-level EBITDA margins approaching 90%. Despite the Helios success, Galaxy’s stock has significantly lagged other AI infrastructure and HPC-focused companies. The challenge, according to the analysis, is that investors still largely view Galaxy as a crypto-focused investment bank involved in trading, asset management, mining and capital markets activities rather than a pure-play AI infrastructure company. That leaves Galaxy caught between peer groups. Crypto investors compare it with **Coinbase Global** (NASDAQ:COIN) and **MARA Holdings** (NASDAQ:MARA), while its data-center business increasingly resembles infrastructure operators such as **Digital Realty Trust** (NYSE:DLR) and **Equinix** (NASDAQ:EQIX). ## **Spin-Off Could Unlock Value** With CoreWeave’s first phase now operational and lease revenue beginning to flow, some investors see a potential spin-off of Galaxy’s data-center division as a catalyst. Separating the AI infrastructure business could allow investors to value the asset using data-center multiples rather than crypto-sector valuations. This could potentially help the bulls to bring a closure to what they view as a significant valuation gap. _Image: Shutterstock_ ### Related Stocks - [BRPHF.US](https://longbridge.com/en/quote/BRPHF.US.md) - [GLXY.US](https://longbridge.com/en/quote/GLXY.US.md) - [GBTC.US](https://longbridge.com/en/quote/GBTC.US.md) - [CRWV.US](https://longbridge.com/en/quote/CRWV.US.md) - [GLXU.US](https://longbridge.com/en/quote/GLXU.US.md) - [HODL.US](https://longbridge.com/en/quote/HODL.US.md) - [BITB.US](https://longbridge.com/en/quote/BITB.US.md) - [FBTC.US](https://longbridge.com/en/quote/FBTC.US.md) - [BTCO.US](https://longbridge.com/en/quote/BTCO.US.md) - [GLGG.US](https://longbridge.com/en/quote/GLGG.US.md) - [BTCW.US](https://longbridge.com/en/quote/BTCW.US.md) - [EZBC.US](https://longbridge.com/en/quote/EZBC.US.md) - [ARKB.US](https://longbridge.com/en/quote/ARKB.US.md) - [IBIT.US](https://longbridge.com/en/quote/IBIT.US.md) - [BRRR.US](https://longbridge.com/en/quote/BRRR.US.md) - [CORD.US](https://longbridge.com/en/quote/CORD.US.md) - [CRWU.US](https://longbridge.com/en/quote/CRWU.US.md) - [CWVX.US](https://longbridge.com/en/quote/CWVX.US.md) - [BITO.US](https://longbridge.com/en/quote/BITO.US.md) - [BTCE.DE](https://longbridge.com/en/quote/BTCE.DE.md) - [03008.HK](https://longbridge.com/en/quote/03008.HK.md) - [03042.HK](https://longbridge.com/en/quote/03042.HK.md) - [03430.HK](https://longbridge.com/en/quote/03430.HK.md) - [CRWG.US](https://longbridge.com/en/quote/CRWG.US.md) - [CWY.US](https://longbridge.com/en/quote/CWY.US.md) - [BTCHKD.VAHK](https://longbridge.com/en/quote/BTCHKD.VAHK.md) - [BTCUSD.VAHK](https://longbridge.com/en/quote/BTCUSD.VAHK.md) - [ARBK.US](https://longbridge.com/en/quote/ARBK.US.md) - [COIN.US](https://longbridge.com/en/quote/COIN.US.md) - [MARA.US](https://longbridge.com/en/quote/MARA.US.md) - [DLR.US](https://longbridge.com/en/quote/DLR.US.md) - [EQIX.US](https://longbridge.com/en/quote/EQIX.US.md) - [ARBKL.US](https://longbridge.com/en/quote/ARBKL.US.md) - [ARBKF.US](https://longbridge.com/en/quote/ARBKF.US.md) ## Related News & Research - [Bitcoin Well Infinite becomes exclusive bitcoin liquidity partner for Bitcoin Family Office Group](https://longbridge.com/en/news/290556109.md) - [David Bailey’s Nakamoto closes legacy healthcare clinics as bitcoin operating company pivot nears completion](https://longbridge.com/en/news/290545050.md) - [Ledn Adds Tether Gold Collateral As Tokenized Gold Enters Crypto Lending](https://longbridge.com/en/news/290308443.md) - [Galaxy Digital takes minority stake in Digital Prime Technologies](https://longbridge.com/en/news/290567828.md) - [Bitcoin treasury Strive’s shares jump as company’s holdings near 20,000 BTC](https://longbridge.com/en/news/290454882.md)