Galaxy Digital (GLXY) Soars 37% on Data Center Expansion

We recently published 10 Stock Winners Shocking Wall Street. Galaxy Digital (NASDAQ:GLXY) was one of the top performers last week.

Galaxy Digital saw its share prices jump by 37.57 percent week-on-week after the company moved a step forward to doubling the power capacity of its major data center in Texas.

In a statement last week, Galaxy Digital (NASDAQ:GLXY) said that it secured the approval of the Electric Reliability Council of Texas for the development of an additional 830 MW of computing demand at its Helios data center, bringing the facility’s total approved capacity to 1.6 GW.

This followed the completion of a Large Load Interconnection Study, which was facilitated by Wind Energy Transmission Texas, which would serve as the transmission interconnection provider for the project.

Galaxy Digital (NASDAQ:GLXY) noted that while the Helios data center remains under construction, it is on track to deliver in early 2026 the initial committed power capacity to CoreWeave—one of its major clients.

It is also setting its sights on other areas within and beyond Texas for its expansion program.

In other news, Galaxy Digital (NASDAQ:GLXY) is scheduled to announce the results of its financial and operating highlights for the past quarter 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.