It's been a rough quarter for the Loonie.

I love the story of Helios and don't think it gets talked about enough. Back in December 2022, when BTC was trading below $20K, $GLXY acquired Helios for $65M. At the time, much of the industry was focused on survival. Crypto was 70% off its highs, liquidity was scarce, several companies had already gone bankrupt and many others were under significant pressure. Having risk managed the downturn well, $GLXY was in a position to play offense when others couldn't, and Helios was one of the opportunities that emerged from that environment. When we acquired Helios, the site spanned 160 acres, had 60 MW of energized mining capacity, 180 MW of total approved power capacity and was staffed by 40 employees. Over the next 24 months, we expanded the site significantly. We acquired an additional 160 acres of contiguous land, increased energized mining capacity to 200 MW, expanded approved power capacity to 800 MW, took delivery of six main power transformers, grew the team to over 50 employees and scaled the operation to nearly $100M in annual mining revenue. But while we were building, the opportunity set was changing. Advancements in AI were driving a surge in demand for compute and power and there wasn't enough data center capacity or available power to keep up. Grid constraints, supply chain bottlenecks and permitting delays were making it increasingly difficult to bring new capacity online. As a result, large scale sites with approved power access became incredibly valuable. We recognized that Helios was positioned to be much more than a bitcoin mining facility, so we made the decision to strategically pivot toward AI infrastructure, leveraging the expertise we had already built developing and operating power intensive BTC mining infrastructure at scale. Fast forward to today and the transformation has been remarkable. Our Helios data center campus has grown to over 1,500 acres, with more than 1,000 workers on site daily supporting ongoing development and operations. We now have 1.63 GW of approved power capacity, with the potential to scale to 3.6 GW, which would make Helios one of the largest data center campuses in the world. CoreWeave is our anchor tenant, with 800 MW of gross power leased over the next 15 years. Beyond that, we have another 830 MW of approved capacity and are actively engaged with prospective tenants to lease the remaining capacity. What started as an opportunistic acquisition during one of the most challenging periods in crypto has evolved into a cornerstone asset positioned at the center of one of the most important secular trends of the next decade: AI infrastructure.

"From false moves come fast moves in the opposite direction." Junior miners. False breakdown. Slingshot potential.

Elon Musk just created ~5,000 new millionaires, current and former $SPCX employees. Of those ~5,000 people, roughly 400 of them will see stakes worth $100 million.

S&P 500 SENTIMENT Coming into today, inverse ETF volume had hit 42% of spec total. Without a broader negative catalyst, this is where pullbacks historically stop.

$GLXY is building the infrastructure that will underpin two of the most powerful forces reshaping the global economy: the proliferation of AI and the digitization of financial services. AI Infrastructure The future of digital innovation will depend on the development and expansion of AI data centers. $GLXY owns a 1,500 acre campus in Texas with 1.63 GW of approved power capacity and the potential to scale to 3.6 GW, making it one of the largest data center campuses in the world. We're also actively evaluating a pipeline of new sites across the U.S. and I expect we will be discussing a multi-campus portfolio within the year. Digital Infrastructure As blockchains increasingly become the rails for moving, settling and storing value, the world's largest financial institutions are recognizing the need for the technology, infrastructure and expertise to operate in this new environment. Over the past 8 years, $GLXY has built a full blockchain infrastructure stack spanning wallet infrastructure, private key management, staking, tokenization and more. We've used this infrastructure internally at scale and now provide it to institutions through custom deployments, white label solutions and managed services. The next decade will be defined by exponential growth in compute and the continued digitization of the economy. $GLXY is positioned at the center of both.

Keynesian Brain Rot on Full Display in Canada. Canada’s central banker, Tiff Macklem, is engaged in a familiar technocratic exercise, avoiding the only question that matters. Did the Bank of Canada help push the country into recession? Instead of answering, he hides behind definitional games and bureaucratic evasions. The economics are straightforward. Under a Wicksellian framework, the neutral rate declines when productivity weakens and population growth deteriorates. Canada has both. Productivity is negative. The marginal growth impulse from immigration is fading. By definition, the economy’s capacity to sustain higher rates has fallen. Wicksell is clear, hold policy rates above the neutral rate, and monetary policy becomes restrictive. In that sense, even standing still becomes tightening. By refusing to adjust to a falling neutral rate, Macklem and the Bank of Canada have effectively tightened into a weakening economy. To be clear, supply shocks and tariffs do not cause inflation, they change relative prices, that is basic economics. Yet policymakers treated a largely supply-driven price spike as justification for aggressive tightening, compounding structural weakness with cyclical error. This is not caution. It is policy failure. But the deeper problem is not just the central bank, it is the broader economic elite that presided over a slow-burning economic cancer. For years, Canada has suffered from negative productivity growth, weak capital investment, and a suffocating regulatory state that steadily eroded competitiveness. Instead of diagnosing and treating these structural failures, policymakers masked them. Real estate speculation and household leverage became the chemotherapy of choice, blunting symptoms while the underlying disease spread. Now the façade is cracking, and the diagnosis can no longer be avoided. And yet the response from the same leadership class is denial dressed up as sophistication. They debate whether this qualifies as a “technical recession” while per capita output falls, businesses retrench, and real incomes erode. The message to ordinary Canadians is as clear as it is dismissive, absorb the pain, trust the framework, and stop asking questions. A recession is an economic heart attack, sudden, visible, impossible to ignore. But Canada’s problem runs deeper. This is what it looks like when an economy is overtaken by cancer, a long-term deterioration driven by weak productivity, chronic underinvestment, and policy complacency, left undiagnosed, or worse, deliberately ignored by the very elites tasked with managing it. Canada avoided the shock of 2008. Instead of reform, it allowed the disease to metastasize. What is unfolding now is not an external crisis. It is the inevitable consequence of years of neglect. Macklem can continue to argue about definitions. The country, meanwhile, is living with the diagnosis. Keynesian Brain Rot was on full display in Canada today.

OIL AND GAS EXECUTIVES HAVE WARNED THE WHITE HOUSE THAT GASOLINE PRICES COULD SURGE IN COMING MONTHS AS FUEL INVENTORIES FALL TO CRITICAL LOWS, COMPLICATING THE TRUMP ADMINISTRATION’S EFFORTS TO CONTAIN INFLATION THAT HAS ALREADY RATTLED AMERICAN CONSUMERS.

$GLXY Galaxy Digital putting in a nice base

Just say you suck at golf

It's very simple… A government's first and main priority is to protect their *own* people and their nation. If you refuse to stop mass migration or deport illegal migrants against your own people's will, then you are not a legitimate government.

TRUMP ON TRUTH SOCIAL: Iran’s Military is a complete and total mess. Much of it, like their Navy and Air Force, doesn’t even exist anymore - They have been completely defeated. Iran is all talk and no action. The Bully of the Middle East is DEAD!!! They’ve taken too long to negotiate a deal that would have been great for them, now they will have to pay the price!!! President DONALD J. TRUMP

Generational buying opportunity $spy $qqq $gld $btc

China is preparing to invest roughly $295 billion in data center construction over the next five years, per Bloomberg

TRUMP: U.S. MUST RESPOND AFTER IRAN REPORTEDLY SHOOTS DOWN APACHE OVER STRAIT OF HORMUZ

More on the skilled worker shortage.. Yesterday, Meta $META launched "America's Workforce Academy", the largest ever private-sector investment in skilled trades with a job guarantee. A data center developer's access to top general contractors, and thus ability to procure labor, is only going to be of increasing importance.. $GLXY $CORZ $WULF about.fb.com/news/2026/06/am…

GOLDMAN SACHS AND JPMORGAN ARE EXPLORING WAYS TO TRADE ON THE COST OF COMPUTING POWER - THE INFORMATION

JUST IN : CANADA IS PLANNING TO BAN SOCIAL MEDIA FOR CHILDREN UNDER 16 🇨🇦🇨🇦🇨🇦🇨🇦

NEWS: Escorts in Silicon Valley are charging as much as $23,000 per day, fueled by the AI boom.

CoreWeave $CRWV co-founder Brannin McBee @branninmcbee on Odd Lots discussing how the shortage of skilled workers is one of the most acute bottlenecks in bringing GPU clusters online, because without tradesmen such as electricians, powered shells can't be built. "Just think about the electricians for these sites and getting the accreditation on the electrician side to be able to participate in these builds. I mean, there's a five year plus apprenticeship to be able to go through that program. Right. We can't just make new electricians leveraging a supply chain.. that's a trade that you can't really scale efficiently. So that is absolutely the bottleneck for us." podcasts.apple.com/us/podcas…