#United States #New York #ERCOT #Texas Data Center #Galaxy Digital

Galaxy Digital Updates on ERCOT Batch Zero

Galaxy Digital Inc. (Nasdaq: GLXY) recently shared important news regarding its data center projects in Texas. Five of these projects have received conditional classifications under the Electric Reliability Council of Texas (ERCOT) Batch Zero large load interconnection process, cumulatively representing around 4.2 gigawatts of gross power capacity. This announcement highlights Galaxy's ongoing expansion in the burgeoning digital asset and data infrastructure market.

ERCOT's Batch Zero process facilitates a comprehensive system-wide study by grouping qualifying projects, which helps allocate available transmission capacity effectively. In this context, there are two categories: Base Load projects, which are not subject to further capacity allocation, and Studied Load projects, which depend on capacity allocation determined during the study. The interim classifications are part of an ongoing audit and community impacts review.

Details of Galaxy’s Data Center Projects

Among the approved projects at the Helios data center campus are:

• - Helios I - an 800-megawatt load designated as Batch Zero Base Load.
• - Helios II - an 830-megawatt load also classified as Batch Zero Base Load. This capacity received ERCOT approval in January 2026, prior to the validation-check date in March, and is part of a broader capacity of over 1.6 gigawatts already greenlit at Helios. This project is on track for energization in 2028, unaffected by the ongoing interconnection study process. As the project developer, Galaxy will manage all retail electricity service agreements, ensuring that energy costs are factored into lease arrangements with their clients.

Additionally, the Batch Zero expansion projects include:

• - Caspian - a 700-megawatt load categorized as Batch Zero Studied Load, initially submitted under Base Load.
• - Selene - a 900-megawatt load, classified as Batch Zero Studied Load.
• - Helios III - requesting a load of 1,000 megawatts, also classified in the Studied Load category.

Following directives from the Texas Governor on August 3, 2026, the Public Utility Commission of Texas (PUCT) granted ERCOT good cause exceptions, allowing these conditional classifications while it completes audits of the data center projects in the interconnection queue. This audit process is expected to take several months, and Galaxy is prepared to meet any additional obligations resulting from the directive.

Expansion Plans and Future Potential

Galaxy's ambitious development pipeline now boasts a total potential capacity exceeding 5.7 gigawatts across four sites, reinforcing its position as a leader in the data center space. Notably, it includes a second request for 1,000 megawatts of load at Helios, which is progressing through the ERCOT interconnection process, alongside the new Merlin campus in McGregor, Texas, aspiring for an additional 500 megawatts.

As a premier player in digital assets and infrastructure, Galaxy Digital is actively cultivating the economy centered on digital technologies. It provides a suite of services including trading, advisory, asset management, and more, driving connectivity in the digital asset realm. Anchored by the large-scale Helios campus, Galaxy aims to bolster its multi-gigawatt pipeline, establishing itself as one of North America's top data center developers. The firm is headquartered in New York City, with a global presence spreading across North America, Europe, the Middle East, and Asia. More information about their diverse offerings can be found at Galaxy's official website.

A Note on Forward-Looking Statements

It should be noted that this announcement contains forward-looking statements as outlined under the applicable securities acts. These statements encompass expectations and plans regarding project classifications, audits, timelines, and capacity leasing. While these projections are built upon current insights and information, they are subject to risks and uncertainties that could result in actual outcomes differing from the projections stated. Factors such as potential changes to classifications, audit outcomes, regulatory developments, and overall market conditions could significantly impact these future expectations. Investors and stakeholders should approach forward-looking statements with due caution and consider the potential for variations from forecasted results.

In summary, Galaxy Digital continues to assert its leading position within the digital asset sector, backed by major developments in its Texas data center projects, drawing significant interest from industry watchers and stakeholders alike.