Galaxy Digital (BRPHF) Stock Surges 4% on Texas Data Center Expansion Approval

Shares of Galaxy Digital Holdings Ltd. (TSX: GLXY) saw a notable 4% increase following a key regulatory approval in Texas. The Electric Reliability Council of Texas (ERCOT), the state's primary grid operator, has greenlit a significant expansion of the company's data center operations. This move is widely interpreted as a strategic step to bolster Galaxy Digital's Bitcoin mining and broader digital asset infrastructure capabilities within the energy-rich Texan market. The approval facilitates increased power allocation for the firm's high-performance computing needs, directly supporting its growing blockchain and crypto asset management ventures. Market analysts view this development as a positive signal for the company's operational scalability and its alignment with favorable energy economics in the region.