Mike Novogratz

HE TURNED A WEST TEXAS BITCOIN MINE INTO AN AI LANDLORD

Novogratz went from Princeton and Army helicopters to Wall Street to crypto, built Galaxy, and bought a West Texas bitcoin mine near the bottom of the cycle. The mine became a hyperscale AI campus: a 15-year lease delivering 133 MW to CoreWeave.

1. 1987

   PRINCETON, THEN ARMY HELICOPTERS

   Princeton identifies Novogratz as Class of 1987 with an economics degree and notes that he served as a helicopter pilot in the U.S. Army before his long Wall Street career.

   SOURCES: Princeton Universityreported

2. 2013

   A FRIEND SENDS HIM THE BITCOIN WHITEPAPER

   Novogratz says a friend pushed him to read the Bitcoin whitepaper in 2013, beginning the crypto bet that eventually pulled him out of conventional Wall Street and into building Galaxy.

   SOURCES: Galaxyfirst-party

3. 2018

   HE BUILDS GALAXY

   Novogratz says he chose to build in 2018, launching Galaxy to connect institutional finance with the emerging digital-asset economy.

   SOURCES: Galaxyfirst-party

4. Dec 28, 2022

   HE BUYS A WEST TEXAS BITCOIN MINE

   Galaxy acquired the Helios mining facility in Dickens County, Texas for roughly $77 million, gaining a large power site with substantial room for expansion.

   SOURCES: Galaxyfirst-party

5. Mar 28, 2025

   THE BITCOIN MINE BECOMES AN AI LANDLORD

   Galaxy signed a 15-year lease to deliver 133 MW of critical IT load at Helios to CoreWeave for AI and high-performance computing, beginning the site's explicit conversion from bitcoin mining toward AI infrastructure.

   SOURCES: Galaxyfirst-party

6. Jul 6, 2026

   THE AI DATA CENTER STARTS COLLECTING RENT

   Galaxy completed Helios Phase I, delivering 133 MW of critical IT load to CoreWeave; the company said the campus had become revenue-generating AI infrastructure with 1.63 GW of approved power capacity.

   SOURCES: Galaxyfirst-party