Galaxy Digital Expands Helios Data Center with Major Financing Boost
Galaxy Digital just supercharged its mining operations—massive expansion meets massive funding.
Helios Grows Up
The Helios data center expansion isn't just incremental—it's transformative. More hash rate, more capacity, more everything. Because in crypto mining, standing still means falling behind.
The Money Move
That major financing isn't pocket change. It's strategic fuel for scaling operations when others are cutting back. Because while traditional finance hedges, crypto builders deploy.
Building Through the Noise
While regulators debate and markets fluctuate, infrastructure keeps expanding. Another reminder that real value gets built while everyone else is arguing about price charts.
Because nothing says 'bullish on Bitcoin' like pouring concrete and securing capital—the ultimate 'we're not going anywhere' statement in an industry full of temporary players.
Galaxy expands Helios data center and secures major financing
Construction of Helios, Galaxy’s massive data center in Texas, stayed on schedule through September, and phase I of the build was funded after Galaxy secured a $1.4 billion project financing facility, fully covering the $1.7 billion cost.
The Helios project got another boost when CoreWeave signed a Phase II lease agreement and exercised its final option for 133 megawatts of additional power, bringing its total commitment to the full 800 MW capacity approved for artificial intelligence and high-performance computing.
Galaxy said it received a $460 million equity investment from one of the world’s largest asset managers, generating $325 million in net proceeds to help fund Helios and general operations, earlier this month, but didn’t say who the asset manager is.
The company also expanded the Helios property through a strategic land acquisition, increasing the site to over 1,500 acres with 2.7 gigawatts of potential future power capacity, which is currently being reviewed by ERCOT.
Trading, lending, and asset management push quarterly records
Galaxy’s Global Markets division posted a record adjusted gross profit of $295 million, lifted by strong crypto trading and a robust investment banking quarter.
The average loan book expanded to $1.8 billion, reflecting higher demand from clients across its lending suite.
In investment banking, Galaxy said it acted as co-placement agent and financial advisor on Forward Industries’ $1.65 billion private placement, and also advised Coin Metrics on its sale to Talos.
The Asset Management and Infrastructure Solutions arm brought in $23 million in adjusted gross profit, supported by $2 billion in net inflows into its alternative investment products and ETFs.
The company ended the quarter with $9 billion in assets under management and $7 billion in assets under stake, boosted by $4.5 billion in new digital treasury mandates that generate $40 million in annual recurring fees, said the earnings report.
After the quarter closed, Galaxy’s staking division completed integration with a global digital asset custodian, allowing clients to stake directly through Galaxy validator nodes, opening a new distribution channel for staking services.
Galaxy closed the quarter with $17 billion in total platform assets, its highest ever.
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