Galaxy Digital Says Helios a ‘Gold Rush,’ Reveals Q3 Revenue Beat and Client Growth

Core Insights - Galaxy Digital's shares increased by 2% following a significant revenue beat in Q3, reporting $29 billion against analyst expectations of $16 billion, driven by its trading business and rising digital asset valuations [1] Helios Data Center Project - CoreWeave has committed to utilizing the full 800-megawatt capacity at Galaxy's Helios data center in Texas, with a $1.4 billion financing deal from Deutsche Bank completed in August, ensuring phase one is fully funded [2] - The construction pace is described as "extraordinary," with over 500,000 labor hours logged and more than 700 workers on site daily, with the first data hall expected to power on in early December [3] - The Helios project is on track to become one of the largest AI and high-performance computing campuses globally, with initial delivery expected in the first half of 2026 [5] Financial Backing and Future Capacity - Galaxy secured a $460 million equity investment from an unnamed asset manager to support the Helios project [4] - The company is actively working with ERCOT and WETT to secure an additional 2.7 gigawatts of power capacity, which could significantly benefit the stock in the future [5] Galaxy One Platform - Galaxy launched Galaxy One, an investment platform targeting mass affluent investors, focusing on crypto, equities, and yield products [5] - Early uptake shows users with an average net worth of $2 million and annual income exceeding $340,000, aiming to diversify funding sources and enhance efficiency in the digital assets business [6]