The Bull Case for Galaxy Digital is AI Data Centers Not Bitcoin Mining, Research Firm Says

When Galaxy Digital (GLXY) CEO Mike Novogratz bought Argos' Helios data center in late 2022, at the depths of the post-FTX crypto winter, the company thought they were bailing out a desperate bitcoin (BTC) miner on the brink of bankruptcy.This, however, was before ChatGPT had become mainstream. Novogratz and co. had no idea that this data center would be a strategic asset as the growing Artificial Intelligence (AI) industry clamours for more data center space, thanks to the explosive growth of Large Language Models (LLMs) source: https://www.coindesk.com/markets/2025/05/19/the-bull-case-for-galaxy-digital-is-ai-data-centers-not-bitcoin-mining-research-firm-says