CoreWeave (CRWV.US) has reached a 15-year AI computing lease agreement with Galaxy Digital.

Blockchain and digital asset company Galaxy Digital (BRPHF.US) announced on Friday that they have reached a 15-year leasing agreement with AI super-scale provider CoreWeave (CRWV.US). Galaxy will provide 133 megawatts of critical IT load, utilizing a total power capacity of 200 megawatts, to host CoreWeave's AI and high-performance computing infrastructure in the Helios data center campus in West Texas. Under the contract, Galaxy has the right to generate approximately $4.5 billion in revenue. Galaxy Digital Holdings released its fourth quarter and full-year financial report for 2024 today. Despite the impact of the legal settlement with the New York Attorney General, the company still achieved a net income of $174 million in the fourth quarter of 2024 and a full-year net income of $365 million. The company's Q4 revenue was $698.09 million, a 96.4% year-over-year increase. Despite continued volatility in the cryptocurrency market, with Bitcoin recently falling below $80,000 and Ethereum below $2,000, Galaxy Digital continues to achieve significant financial growth. Currently, Galaxy Digital is restructuring to become a registered entity in Delaware and plans to list on the Nasdaq, subject to regulatory approval. In addition, CoreWeave has set its initial public offering price at $40, lower than earlier estimates, selling 37.5 million shares and raising $1.5 billion. Trading and advisory services at Galaxy Digital have also seen significant growth due to increased derivative activities and institutional demand.