How did Galaxy Digital pivot from digital asset trading to AI data centers?
Replied byMike Novogratz
Founder & CEO at Galaxy Digital
Niche: Finance
Revenue: Not Publicly Disclosed/month
Location: New York City, New York, United States
Started: 2018
We originally entered Bitcoin mining in 2021 to defer capital gains tax through opportunity zones. After hosting issues, we bought a distressed Texas data center in 2022. When the AI boom hit, our ownership of massive power grid infrastructure became highly valuable.
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