Galaxy Digital bets on owning AI infrastructure, dismisses industry ‘bragawatts’

Galaxy Digital is making a pointed distinction in the AI infrastructure gold rush: not all gigawatts are created equal. The company, which trades on both NASDAQ and the TSX under the ticker GLXY, has secured ERCOT approval for an additional 830 MW of power at its Helios campus in West Texas. That brings total approved capacity at the site to more than 1.6 GW, a figure the company says is backed by actual grid integration work rather than the speculative capacity figures that have become common currency in data center marketing. The war on ‘bragawatts’ Galaxy’s leadership has coined a term for the inflated power numbers competitors love to splash across press releases: “bragawatts.” Announcing a multi-gigawatt pipeline is easy. Actually getting the local grid operator to approve your interconnection, completing transmission upgrades, and building contingency plans is the hard part. The 830 MW approval that pushed Helios past the 1.6 GW mark came through comprehensive Large Load Interconnection Studies with ERCOT, the grid operator for most of Texas. CEO Mike Novogratz framed the approval as a competitive moat. He said the new capacity positions Galaxy to deliver the reliable power i...