A report by Rittenhouse Research has stated that the major US crypto firm Galaxy Digital’s bright future lies in artificial intelligence (AI) data centers and not in Bitcoin mining. The May 2025 reports have suggested that the firm’s decision to focus on AI could lead to big success.
In 2022, the company bought the Helios data center in Texas, which helped them switch from bitcoin mining to building a center for artificial intelligence (AI) and powerful computing. The Rittenhouse research has highlighted that the firm has stopped mining Bitcoin entirely and is now using Helios, which has 800 megawatts of power, to support AI tasks, taking advantage of the growing need for AI technology.
As per the Rittenhouse report, the company has signed a $4.5 billion deal for 15 years with CoreWeave, a cloud computing company, to use its data center for AI tasks. This deal promises steady, high profits. Meanwhile, bitcoin mining is getting tougher because a 2024 event cut mining rewards in half and costs are rising.
The data indicates that the firm has mined less bitcoin and earned less money, despite using better equipment. AI data centers make steady money with lower costs compared to Bitcoin mining. Experts predict companies focusing on AI could earn billions yearly by the year 2027.
The firm is upgrading its Helios data center to handle AI tasks and plans to increase its power to 2.5 gigawatts, making it one of the biggest data centers in North America. The firm has $1.8 billion in cash and a history of doing things well, which makes it stronger than competitors like Cipher Mining that still focus on bitcoin mining.
Galaxy’s shift to AI data centers can make it industry leader by combining AI with blockchain technology. Such an approach has the potential to transform the firm into a highly successful company.
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