CoinDesk Podcast Network THE MINING POD: Inside Galaxy Digital’s $13 Billion CoreWeave AI Deal w/ Brian Wright
Jul 1, 2025
Brian Wright, co-head of mining data centers at Galaxy Digital, dives into the groundbreaking $4.5 billion CoreWeave deal and the company's pivot from bitcoin mining to high-performance computing. He discusses the anticipated expansion of the Helios facility, aiming to scale operations from 200MW to 2.5GW. The conversation explores the transformation of Dickens County's economy through data centers and the unique challenges of Texas's power grid, along with innovative financing strategies crucial for the evolving landscape of AI and mining.
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Gradual Pivot from Bitcoin to AI HPC
- Galaxy Digital initially focused on Bitcoin mining at Helios but gradually recognized the site's value for AI HPC due to its large, reliable power capacity.
- The pivot to AI HPC was driven by the site's attributes and increasing multi-hundred megawatt deals, with CoreWeave identified as a strong partner.
Massive Power Capacity at Helios
- Helios campus currently has 800 megawatts of approved power capacity, with immediate access to infrastructure like a 300 MVA substation and multiple transformers.
- An additional 1.7 gigawatts is potentially available, making it one of the largest possible data center campuses globally.
Capital Markets Accelerate Growth
- Financing AI HPC data centers is easier and faster than Bitcoin mining due to a more robust debt market.
- This access to capital is accelerating the build-out pace of the Helios campus.