Who Galaxy Digital buys from and sells to
Crypto trading, lending and asset manager that also leases its Helios campus in Texas to CoreWeave.
Buys from 2
- ERCOT gridapproved power for the Helios campus
- VertivVRTpower and cooling for the Helios retrofit
Sells to 2
- CoreWeaveCRWV133 MW Phase I at Helios plus ~260 MW option15-year lease, rent from Q2 2026
- Institutional crypto clientstrading, lending and custody services
Where the chain could break
- Data-centre revenue relies on one tenant, CoreWeave
- Trading earnings swing with crypto prices (Q1 2026 loss of $216M)
Competes with
- CoinbaseCOINinstitutional crypto trading and custody
- Applied DigitalAPLDleased AI capacity for CoreWeave
- Core ScientificCORZthe same
Mapped by hand from filings and company reporting, as of October 2026. It shows the relationships that matter most, not every contract: most are never disclosed, and agreements change.