Galaxy Digital Secures $1.4 Billion to Transform Helios into AI Powerhouse

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2025-08-15 15:21:02

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Galaxy Digital has locked in $1.4 billion in debt financing to overhaul its Helios data center in West Texas, marking a strategic pivot from crypto mining to AI infrastructure. The firm committed $350 million in equity to secure the deal, with the upgraded facility projected to deliver 3.5 GW of power capacity by 2026.

"This financing accelerates our transition into next-generation AI and high-performance computing," said CEO Mike Novogratz. The Helios campus will initially power CoreWeave's operations, positioning Galaxy as a key player in the AI infrastructure arms race. Texas' energy grid and regulatory environment made it the ideal location for this scale of expansion.

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Galaxy Digital Shares Slide 5.3% Despite $1.4B AI Datacenter Deal with CoreWeave

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