PANews reports on March 28 that according to The Miner Mag, Galaxy Digital will reduce its Bitcoin mining output in the coming quarters under a new 15-year hosting agreement with CoreWeave, as it transforms its Texas data center into AI and HPC facilities.

In its fourth-quarter financial report, Galaxy disclosed that it mined 977 BTC in 2024, with mining revenue of $22.1 million after production subsidies, and expenses of $11.9 million. The marginal cost per Bitcoin in the fourth quarter was below $38,000, with an annual average cost of around $26,000. However, Galaxy expects its managed hash rate and overall BTC production to decline as it reallocates Bitcoin mining resources to support CoreWeave's AI infrastructure.