Mike Novogratz Turns Galaxy Into Texas AI Landlord With 1 Data-Center Campus
Updated
Updated · Bloomberg · Jul 10
Mike Novogratz Turns Galaxy Into Texas AI Landlord With 1 Data-Center Campus
1 articles · Updated · Bloomberg · Jul 10
Summary
Galaxy Digital is repositioning itself around a Texas data-center campus, pushing Mike Novogratz’s firm beyond crypto and into AI infrastructure.
Texas gives Galaxy a foothold in one of the fastest-growing markets for power-hungry AI computing, where landlords can profit by leasing capacity to model developers and cloud tenants.
For Novogratz, the shift marks a sharp contrast with the boom-and-bust crypto era symbolized by his Luna tattoo, which he now jokes could be followed by one honoring the Texas campus.
The move underscores how digital-asset firms are seeking steadier revenue in AI-linked real estate as demand for data centers and electricity surges.