Galaxy Digital Says Helios a ‘Gold Rush,’ Reveals Q3 Revenue Beat and Client Growth

Galaxy Digital announced a significant third-quarter revenue beat, reporting $29 billion against analyst forecasts of $16 billion, attributing the success to its trading business and rising digital asset valuations. The company confirmed major progress on its Helios data center project in Texas, securing a commitment from CoreWeave for the full 800-megawatt capacity and closing $1.4 billion in project financing, making phase one fully funded. COO Chris Ferraro described Helios as moving into an "extraordinary" construction pace, with the first data hall expected online in early December. On the retail front, the Galaxy One investing platform, targeting high-net-worth individuals, showed early uptake. Executives emphasized a long-term strategy focused on disciplined execution, expanding the Helios blueprint, and noted that the current data center build-out represents a "gold rush" opportunity they are carefully navigating.

(Source：CoinDesk)