Galaxy Digital stock rises 4% after Texas grid operator approves data center expansion

Mike Novogratz’s Galaxy Digital (GLXY) shares are up 4% in U.S. trading Thursday morning after the firm secured approval to add 830 megawatts of power capacity at its Helios data center campus in West Texas. The expansion, approved by Texas’s electric grid operator ERCOT, follows the completion of a required large-load interconnection study and more than doubles the site’s total approved load to over 1.6 gigawatts. It marks an additional step in Galaxy’s long-term plan to build out infrastructure for ar ...