Aug 15, 02:20 PM

Galaxy Digital Secures $1.4 B to Expand Texas AI Data Center

Galaxy Digital has closed a $1.4 billion project-financing facility to retrofit and expand its Helios data-center campus in West Texas, reinforcing the crypto firm’s push into artificial-intelligence and high-performance-computing infrastructure. The 36-month debt package, which covers about 80 percent of construction costs, is secured by the assets of the first development phase; Galaxy has already contributed $350 million of equity. The funding will accelerate work on a long-term agreement with AI cloud provider CoreWeave, which has now committed to the full 800 megawatts of approved power capacity at Helios. Galaxy expects to deliver the site’s first power to CoreWeave in early 2026 and projects the contract will generate more than $1 billion in average annual revenue over a 15-year term. Helios, once a bitcoin-mining facility, is being transformed into what Galaxy says could become one of the world’s largest AI data-center campuses, with as much as 3.5 gigawatts of capacity under consideration. The company’s Toronto- and Nasdaq-listed shares slipped about 2.2 percent in early trading amid a wider market pullback.

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Written with ChatGPT .

Galaxy Digital Secures $1.4 B to Expand Texas AI Data Center

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