Brian Wright from Galaxy Digital joins the pod to talk about Galaxy’s CoreWeave deal, Galaxy Mining’s HPC pivot, the Texas Grid, and more!

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Welcome back to The Mining Pod! Today, Brian Wright, co-head of mining data centers at Galaxy Digital joins us to talk about their massive pivot from bitcoin mining to HPC at the Helios facility. We dive into the company’s CoreWeave partnership, scaling from 200MW to a potential 2.5GW, Texas grid dynamics, and transforming rural Dickens County's economy through data center development.

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**Notes:**

• 393MW Core Weave deal worth $300M annually

• $11-13M per MW retrofit costs vs bitcoin mining

• 2.5GW potential campus capacity planned

• 800MW currently approved by Ercot

• 80% loan-to-cost financing structure

• 15-year guaranteed lease agreement signed

Timestamps:

00:00 Start

01:48 Core Scientific & Coreweave

03:45 Potential Coreweave acquisitions

05:29 Helios pivot to AI

11:52 Site conversion plans

13:29 What's unique about Helios?

15:51 Fractal Bitcoin

17:35 AI accelerating building?

18:39 Financing

20:26 AI vs mining

22:26 Who pays for retrofit?

25:57 Transition

28:04 Tenants

29:25 Dickens County

31:55 Employee incomes & training

35:01 Politics

36:19 Texas bill SB6

37:15 Interconnect queue

38:26 Fiber line infrastructure

40:02 Can other miners pivot to AI?

41:52 Ending curtailment due to AI

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