Galaxy Digital Secures $460M for Helios Data Center Expansion and AI Pivot
Galaxy Digital has raised $460 million in a private investment round to accelerate the expansion of its Helios data center in Texas. The funding marks a strategic shift from cryptocurrency mining toward artificial intelligence and high-performance computing.
The deal includes the sale of 12.77 million Class A shares at $36 per share, with 9 million newly issued and 3.75 million sold by executives including CEO Mike Novogratz. The transaction is expected to close by October 17, pending approval from the Toronto Stock Exchange.
Novogratz framed the investment as a validation of Galaxy's long-term vision, emphasizing institutional confidence in digital assets and data infrastructure. The capital injection positions Helios as a key player in the convergence of blockchain and AI technologies.
