Galaxy Digital Secures $1.4 Billion to Convert Helios Data Center into AI and HPC Hub

Galaxy Digital has finalized a $1.4 billion financing package to expand and repurpose its Helios data center in West Texas, transforming it into a dedicated hub for artificial intelligence (AI) and high-performance computing (HPC) operations [1]. The funding includes $350 million in equity and $1.05 billion in debt, structured with an 80% loan-to-cost ratio and a debt service coverage ratio (DSCR) of 1.40, ensuring financial stability throughout the 36-month stabilization period [2]. The project, which leverages Texas’s deregulated energy market and access to low-cost renewable energy, is designed to reduce operational costs while enhancing scalability and efficiency [5].

Central to the initiative is a 15-year power and IT load lease with CoreWeave, a major AI cloud provider, which has committed to 800 MW of power capacity—expandable to 3.5 GW—under a fixed-price, inflation-protected agreement [3]. This long-term contract offers Galaxy Digital predictable revenue and reinforces its financial position amid the AI infrastructure market’s anticipated 35.9% compound annual growth rate (CAGR) through 2030 [4]. CoreWeave’s commitment is further evidenced by the second phase of the agreement, which has already secured 260 MW of IT load [6].

The Helios campus is powered entirely by renewable energy and employs advanced liquid cooling technology to minimize environmental impact [5]. Located in Dickens County, Texas, the site benefits from the state’s competitive energy landscape, positioning Galaxy to meet growing demand for sustainable, high-capacity computing infrastructure [5]. The project is financed through debt secured solely by the Helios assets, limiting exposure for Galaxy’s parent company [7]. The interest rate is tied to the one-month Term SOFR with a 250 basis points floor and a 4.75% margin, resulting in a minimum effective rate of 7.25% [8]. The high rate underscores lender confidence in the project’s long-term viability.

Industry analysis suggests that Galaxy’s expansion aligns with the projected $1.8 trillion market value of AI infrastructure by 2030 [9]. The project’s ability to scale power capacity and attract additional tenants will be key to its long-term success [10]. By securing long-term leases and adopting a defensible financing structure, Galaxy has positioned itself to benefit from the growing convergence of digital assets and AI-driven finance [2].

Galaxy Digital’s strategic move highlights the increasing institutional interest in AI and crypto infrastructure, with the project serving as a model for scalable, sustainable computing initiatives. Investors will likely monitor metrics such as DSCR performance and expansion capacity to gauge the project’s success [11]. As AI continues to reshape global industries, Galaxy’s Helios campus represents a forward-looking approach to infrastructure development in the digital age.

Source:

[1] AInvest, https://www.ainvest.com/news/galaxy-strategic-financing-ai-datacenter-expansion-building-defensible-cash-flow-engine-ai-era-2508/

[2] Bitcoinist.com, https://bitcoinist.com/galaxy-digital-secures-billion-loan-convert-helios/

[3] Cointelegraph, https://cointelegraph.com/news/galaxy-digital-1-4b-coreweave-ai-datacenter

[5] CoinDesk, https://www.coindesk.com/business/2025/08/15/galaxy-secures-usd1-4b-to-expand-helios-data-center-for-ai-and-hpc

[6] TipRanks, https://www.tipranks.com/news/galaxy-secures-1-4-billion-to-supercharge-helios-data-center-for-ai-and-hpc

[8] Barchart.com, https://www.barchart.com/story/news/34184908/galaxy-digital-secures-1-4b-to-power-one-of-the-world-s-largest-ai-datacenter-campuses