Galaxy Digital Inc. announced on August 15, 2025, the closing of a $1.4 billion project financing facility to support the continued development of its Helios datacenter campus in West Texas. This Debt Facility will fully fund the initial retrofit and expansion of Helios to deliver the first phase of power for AI and high-performance computing (HPC) operations. Galaxy has provided the $350 million equity requirement, with the remaining construction costs covered by the facility.
The financing supports a long-term agreement with CoreWeave Inc., which has now committed to the full 800 MW of approved power capacity at the Helios datacenter campus. This commitment includes an additional 260 MW from a second-phase lease agreement and a final option exercise for 133 MW of incremental critical IT load. Galaxy anticipates generating average annual revenue of more than $1 billion over the 15-year term of these agreements with CoreWeave.
Mike Novogratz, Founder and CEO of Galaxy, stated that this financing marks a major milestone in transforming Helios into a next-generation AI and HPC datacenter campus. The project is on track to deliver the first phase of power to CoreWeave by early 2026, representing a key step in diversifying Galaxy's business model beyond crypto into the broader AI infrastructure space. Galaxy continues to advance its long-term infrastructure plan at Helios, with the goal of building one of the largest AI datacenter campuses globally, potentially supporting up to 3.5 GW of power.
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