Galaxy Digital shares climbed for a fourth straight day on Thursday, finishing at $31.99 each with a 13.48 percent gain. Investors increased holdings following the company's announcement of regulatory approval to build an additional 830 megawatts of computing capacity at its Helios data center in West Texas.
The Electric Reliability Council of Texas granted the approval after a Large Load Interconnection Study was completed. Wind Energy Transmission Texas facilitated the study and will serve as the transmission interconnection provider.
With this approval, the Helios facility's total approved power capacity reaches 1.6 gigawatts. Galaxy Digital also entered 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," the company stated.
Construction on the Helios data center continues, with initial power delivery to major client CoreWeave scheduled for early 2026. Galaxy Digital is examining further power and land opportunities in Texas and other regions.
The company will release financial and operating results before market open on Tuesday, February 3, 2026. A conference call is set for 8:30 AM EST to discuss the figures.