CoreWeave surges as deal with Galaxy Digital is announced
CoreWeave shares are having another good day after the recently-IPO’d firm was rated a “buy” from Bank of America yesterday. Today the stock continues to soar, aided by news of a deal with Galaxy Digital Holdings, under which Galaxy will host “additional artificial intelligence and high-performance computing infrastructure at Helios Data Center Campus.”
Galaxy purchased the Helios data center in Texas in December 2022 from Argo Blockchain, according to the release.
“This Phase II commitment with CoreWeave marks another major step in Galaxy’s evolution as a trusted partner for the next generation of data center infrastructure,” Mike Novogratz, founder and CEO of Galaxy, said.
Galaxy purchased the Helios data center in Texas in December 2022 from Argo Blockchain, according to the release.
“This Phase II commitment with CoreWeave marks another major step in Galaxy’s evolution as a trusted partner for the next generation of data center infrastructure,” Mike Novogratz, founder and CEO of Galaxy, said.
