Galaxy Digital has secured a $1.4 billion loan to upgrade its Helios data center in Texas.
Summary
- Galaxy Digital secured $1.4B in debt financing for its Helios data center
- The company put up $350 million of its own capital to secure the deal
- Helios data center will power AI applications and high-performance computing
Galaxy Digital is expanding its AI compute capabilities. On Friday, August 15, Galaxy Digital announced that it had secured $1.4 billion in debt financing. The funds will support the development of its Helios data center campus in West Texas.
“This financing marks a major milestone in our transformation of Helios into a next-generation AI and HPC datacenter campus,” said Mike Novogratz, Founder and CEO of Galaxy. “We’re on track and excited to deliver the first phase of power to CoreWeave beginning in early 2026. This project is a key step in diversifying Galaxy’s business model as we expand beyond crypto and into the broader AI infrastructure space.”
Galaxy Digital put up $350 million in equity, while the remainder of the construction cost will be covered by the debt. At full capacity after the upgrades, the Helios data center could support up to 3.5 GW of power, making it one of the largest in the world.
Galaxy plans to transform Helios into an AI hub
Galaxy Digital is diversifying its data center from crypto mining to AI compute infrastructure. The facility’s location in Texas enables it to benefit from cheap energy and a favorable regulatory environment.
“We’re executing with focus and discipline to transform Helios into one of the largest and most advanced AI datacenter campuses in the world,” said Mr. Novogratz. “That scale is only possible because of the strategy and groundwork we’ve put in place and the momentum our team is building every day.”
