Galaxy secures $1.4B loan to fast-track Texas Helios AI datacenter
Main Idea
Galaxy Digital secured a $1.4 billion loan to expand its Texas Helios AI data center, expecting $1 billion in annual revenue from a 15-year partnership with CoreWeave.
Key Points
1. Galaxy Digital closed a $1.4 billion secured term loan, with $350 million in equity contributed by the company.
2. The loan is secured by all assets of Galaxy Helios I and matures on Aug. 15, 2028.
3. The funds will expand the Helios AI data center to support AI workloads under a long-term agreement with CoreWeave starting early 2026.
4. CoreWeave committed to 800 megawatts of capacity at Helios, leasing power and infrastructure for AI and HPC operations.
5. Galaxy Digital expects over $1 billion in annual revenue from the 15-year CoreWeave deal, with an additional 2.7 gigawatts available for other clients.
Description
Galaxy Digital secures $1.4 billion to expand its Texas Helios AI data center, expecting $1 billion annual revenue from a 15-year CoreWeave partnership.
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