Galaxy just walked away from Bitcoin mining and signed a $4.5B, 15-year deal with CoreWeave to use its flagship datacenter "Helios" for AI infrastructure 🤯.

Why? CoreWeave is better money than mining:

  • $300M per year in revenue

  • 90% EBITDA margins

  • Near-zero Opex for Galaxy

  • $2.26M revenue per MW

  • Core Scientific1

  • Northern Data Group2

  • HIVE Digital Technologies LTD3

  • Hut84

  • Iris Energy (IREN)5

and others — all traditional crypto miners — are pivoting into AI data centers.

They can generate an order of magnitude more income per MW of power than Bitcoin mining operations.