Galaxy Digital just added a serious operator to its board. The firm appointed Steven Bandrowczak, former CEO of Xerox Holdings, as an independent director, bringing decades of large-scale technology infrastructure experience to a company that’s rapidly evolving beyond its crypto roots.
Bandrowczak led Xerox from August 2022 until stepping down in March 2026, overseeing one of America’s most storied technology companies. Now he’s joining Galaxy at a pivotal moment: the company is in the middle of building out its Helios campus in West Texas, a project with a projected investment exceeding $15 billion.
From Bitcoin mining to AI powerhouse
Here’s the thing about Galaxy’s Helios campus. It started life as a Bitcoin mining facility. Now it’s being transformed into one of the largest AI data center hubs in the country, with more than 1.6 gigawatts of approved power capacity.
Phase I of the project hit a major milestone in early July 2026, delivering 133 megawatts of energy to CoreWeave under a long-term 15-year lease agreement. CoreWeave is one of the most prominent GPU cloud computing providers in the AI space.
