New York, Jan 18, 2026, 08:23 ET — Market closed
- Galaxy Digital shares ended Friday at $34.31, marking a roughly 7% gain.
- The company highlighted fresh Texas power approvals for its Helios data center campus alongside a $75 million tokenized CLO transaction.
- U.S. markets remain closed Monday in observance of Martin Luther King Jr. Day; normal trading picks back up Tuesday.
Galaxy Digital’s stock closed Friday at $34.31, marking a roughly 7% jump from the day before. The crypto-focused company highlighted new developments in its Texas data center project to investors.
This shift is crucial as Galaxy aims to expand beyond just trading and investing in digital assets. The company is pushing deeper into data center infrastructure focused on AI workloads, where securing power access and permits can determine the pace of progress.
U.S. markets remain closed Monday in observance of Martin Luther King Jr. Day, paving the way for a shortened trading week. Galaxy’s next update is due when the markets open again Tuesday. (Nasdaqtrader)
Thursday brought news that Galaxy secured ERCOT approval for an extra 830 megawatts of computing load at its Helios campus in West Texas. This boost brings its total ERCOT-approved, utility-contracted capacity to over 1.6 gigawatts. The company also inked a service agreement with AEP Texas for the additional capacity. (Galaxy Digital Inc.)
“Securing this additional 830 MW approval from ERCOT marks a watershed moment,” said CEO Mike Novogratz, noting that demand for “AI-ready data center capacity in Texas is unprecedented.” (Galaxy Digital Inc.)
Galaxy announced it closed “Galaxy CLO 2025-1,” a new collateralized loan obligation backed by a securitized loan pool that it tokenized on the Avalanche blockchain. So far, the deal has raised around $75 million, with Grove providing a roughly $50 million anchor allocation, the company said. (Galaxy Digital Inc.)
Chris Ferraro, president and chief investment officer at Galaxy, described the deal as “first-of-its-kind.” He said it’s designed to create a new channel for institutions to tap credit markets via onchain execution. (Galaxy Digital Inc.)
Novogratz told CNBC that Galaxy is “in negotiation and conversation with” potential hyperscaler tenants for the recently approved Helios capacity. “There’s a lineup of people that want power,” he added. (Blockspace Media)
Galaxy announced it will release its fourth-quarter and full-year 2025 financial results ahead of market open on Feb. 3. A conference call is scheduled for 8:30 a.m. Eastern. (Galaxy Digital Inc.)
Wall Street is taking another look at the stock following the Helios power announcement. According to TipRanks, Morgan Stanley’s James Faucette stuck with a buy rating and bumped up his price target to $43. Jefferies also maintained its buy rating, setting a $51 target. (TipRanks)
The Texas buildout still faces hurdles — construction must stay on schedule, tenants need to sign on, and power delivery has to hit deadlines. Any delays could strain a rally that’s been driven largely by infrastructure news. (PR Newswire)
When the market reopens Tuesday, traders will be eyeing whether Friday’s move sticks. Then all focus shifts to Feb. 3 for fresh numbers and updates on Helios timelines and customer discussions.
