Galaxy Digital (GLXY) Soars 13.5% on Helios Data Center Expansion

We recently published 10 Stock With Eye-Popping Gains; 5 Are on Fresh Highs. Galaxy Digital (NASDAQ:GLXY) was one of the top performers on Thursday.

Galaxy Digital rallied for a fourth consecutive day on Thursday, jumping 13.48 percent to close at $31.99 apiece as investors loaded portfolios after securing approval to build another 830 MW data center in West Texas, while increasing positions ahead of the results of its earnings performance.

According to the company, it secured the approval of the Electric Reliability Council of Texas for an additional 830 MW of computing demand at its Helios data center, bringing the facility’s total approved capacity to 1.6 GW. The approval followed the completion of a Large Load Interconnection Study, which was facilitated by Wind Energy Transmission Texas, and which would also serve as the transmission interconnection provider.

In line with the approval, Galaxy Digital (NASDAQ:GLXY) clinched a service agreement with AEP Texas Inc. to support the expansion.

“This new 830 MW approval represents a major step forward in Helios’s long-term development, effectively doubling the campus’s approved power capacity and supporting multi-tenant partnerships,” Galaxy Digital (NASDAQ:GLXY) said.

It added that while the Helios data center is still under construction, it remains on track to deliver its initial power to CoreWeave—one of its major clients—in early 2026.

The company is also evaluating additional power and land opportunities within and beyond Texas.

Galaxy Digital (NASDAQ:GLXY) is set to announce its financial and operating highlights before market open on February 3, 2026, a Tuesday. A conference call will be held at 8:30 AM EST to elaborate on the results.

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Disclosure: None. This article is originally published at Insider Monkey.