CoinDesk Podcast Network THE MINING POD: Inside Galaxy Digital’s $13 Billion CoreWeave AI Deal w/ Brian Wright
Jul 1, 2025
Brian Wright, co-head of mining data centers at Galaxy Digital, dives into the groundbreaking $4.5 billion CoreWeave deal and the company's pivot from bitcoin mining to high-performance computing. He discusses the anticipated expansion of the Helios facility, aiming to scale operations from 200MW to 2.5GW. The conversation explores the transformation of Dickens County's economy through data centers and the unique challenges of Texas's power grid, along with innovative financing strategies crucial for the evolving landscape of AI and mining.
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Massive Power Capacity at Helios
- Helios campus currently has 800 megawatts of approved power capacity, with immediate access to infrastructure like a 300 MVA substation and multiple transformers.
- An additional 1.7 gigawatts is potentially available, making it one of the largest possible data center campuses globally.
Capital Markets Accelerate Growth
- Financing AI HPC data centers is easier and faster than Bitcoin mining due to a more robust debt market.
- This access to capital is accelerating the build-out pace of the Helios campus.
Stability of AI HPC Revenue
- AI HPC leases provide stable, long-term revenue, for example $300 million annually for 15 years at Helios.
- Bitcoin mining revenues are highly volatile and difficult to project over time due to unpredictable hash rate and Bitcoin price.