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…
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https://www.coindesk.com/markets/2025/05/19/the-bull-case-for-galaxy-digital-is-ai-data-centers-not-bitcoin-mining-research-firm-says