According to The Miner Mag, under a new 15 year custody agreement with CoreWeave, Galaxy Digital will reduce its Bitcoin mining output in the coming quarters as it transforms its Texas data center into an AI and HPC facility. In its fourth quarter financial report, Galaxy disclosed that it mined 977 BTC in 2024, with mining revenue of $22.1 million and expenses of $11.9 million after deducting production reduction subsidies. The marginal cost per Bitcoin in the fourth quarter was less than $38000, with an average annual cost of approximately $26000. However, Galaxy expects its managed hash rate and overall BTC production to decrease as it reallocates Bitcoin mining resources to AI infrastructure supporting CoreWeave.