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2.60125380433132E-05 2.60125380433132E-05 0.000962463907603477 0.00135265197825362 -0.00213302811955361 -0.00301745441302714 -0.00340764248367714 -0.00712743542387433
Stock impact report

Galaxy potentially “in negotiation” with hyperscalers for 830 MW Helios expansion: Novogratz [Yahoo! Finance]

Morgan Stanley (MS) 
Last morgan stanley earnings: 4/16 07:15 am Check Earnings Report
US:NYSE Investor Relations: morganstanley.com/about-us-ir
Company Research Source: Yahoo! Finance
for the 830 MW expansion at its Helios data center, according to a CNBC interview Galaxy (NASDAQ: GLXY) shares rose 13% Thursday following ERCOT approval for a 830 MW expansion at the Helios site in Texas. With the latest expansion, Helios' total power capacity is now just over 1.6 GW. Galaxy currently has 800 MW of Helios' capacity allocated to CoreWeave(NASDAQ: CRWV) in a 15-year deal valued at $15 billion. Novogratz indicated that Galaxy could be under negotiations with “5 or 6 [hyperscaler] players” for the newly approved power tranche. “There's a lineup of people that want power. There's huge demand from the hyperscalers who want power [before] 2030. And so we will be in negotiation and conversations with – you can guess the five or six players,” Novogratz said during the interview. Investment analysts have begun reassessing the company's valuation based on these infrastructure assets. A recent Morgan Stanley report valued the data center deal at approximately half of t Show less Read more
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