Galaxy Digital Inc. has closed a $1.4 billion project-finance facility to accelerate the conversion and expansion of its Helios site in West Texas into a large-scale artificial-intelligence and high-performance-computing datacenter campus. The three-year debt deal, secured at roughly 80 % loan-to-cost, covers construction costs for the first phase, while the company has contributed the required $350 million in equity. Under a long-term agreement, Galaxy will supply cloud-computing specialist CoreWeave with up to 800 MW of critical IT load, with the first tranche of power scheduled to come online in early 2026. CoreWeave has already exercised options for the full capacity approved at the site. Galaxy projects the initial phases of Helios will generate more than $1 billion in average annual revenue over a 15-year term, and the company is studying an additional 2.7 GW of power that could bring total capacity to 3.5 GW. Chief Executive Officer Mike Novogratz said the financing is a “major milestone” in repositioning the firm beyond its cryptocurrency roots and into AI infrastructure.