Galaxy Digital Climbs on Texas Data-Center Expansion Approval, Tokenized CLO Issuance
By Elias Schisgall
Shares of Galaxy Digital rose after the company said it received approval to expand its data-center campus in West Texas and it issued a tokenized collateralized loan obligation.
Shares were up 12%, to $31.56, midday Thursday. The stock has risen 62% in the past year.
The data-center-infrastructure and digital-assets company said Thursday that it got approval from the Electric Reliability Council of Texas to expand its Helios data-center campus to add 830 megawatts of computing capacity after completing a Large Load Interconnection Study.
The company said it remains on track to deliver initial power early this year, adding that the approval expands its development runway.
"Securing this additional 830 MW approval from ERCOT is a watershed moment for Galaxy and affirms our position as an operator capable of executing hyperscale AI data center development," Galaxy Chief Executive Officer Mike Novogratz said.
The company said it is considering additional power and land opportunities, both in Texas and outside the state.
Galaxy also said Thursday that it had closed the issuance of Galaxy CLO 2025-1, the company's first issuance of a tokenized collateralized loan obligation.
The CLO, which is tokenized on the Avalanche blockchain, would be used to finance an uncommitted credit facility to crypto lending platform Arch Lending. The company said it has financed $75 million so far, and that the CLO may scale up to $200 million.
The transaction closed with a $50 million anchor allocation from Grove, a credit-infrastructure protocol within the Sky ecosystem.
Write to Elias Schisgall at elias.schisgall@wsj.com
(END) Dow Jones Newswires
January 15, 2026 12:51 ET (17:51 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
4 Stocks to Buy Before They Rise Further
2 Undervalued Stocks to Buy Before They Rebound
The 10 Best Companies to Invest in Now
The 10 Best Dividend Stocks
United States