Galaxy Digital Secures $1.4B Financing to Expand Helios AI Data Center Campus in West Texas

Galaxy Digital Holdings has secured a $1.4B financing facility to expand its Helios AI data center in West Texas. The debt facility will fully fund the initial retrofit and expansion of Helios, which is expected to provide additional capacity for the company's growing data center business. Galaxy Digital Holdings is a digital asset company that provides a range of services, including trading, custody, and data analytics.

Galaxy Digital Holdings (NASDAQ: GLXY) has secured a $1.4 billion financing facility to expand its Helios AI data center in West Texas. The debt facility will fully fund the initial retrofit and expansion of Helios, which is expected to provide additional capacity for the company's growing data center business. Galaxy Digital Holdings is a digital asset company that provides a range of services, including trading, custody, and data analytics.

The financing, which was closed on August 15, 2025, is part of a long-term agreement with CoreWeave Inc. The agreement will enable CoreWeave to access an additional 260 MW of critical IT load for its AI and high-performance computing (HPC) operations. This expansion will bring CoreWeave's total committed power capacity at the Helios datacenter campus to 800 MW, with an average annual revenue of over $1 billion expected over the 15-year term of the agreement.

Galaxy Digital's CEO, Mike Novogratz, stated that this financing marks a major milestone in transforming Helios into a next-generation AI and HPC datacenter campus. The company is on track 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 it expands beyond cryptocurrency and into the broader AI infrastructure space.

The $1.4 billion Debt Facility was secured at an 80% loan to cost ratio and has a 36-month term. It is secured by all the assets associated with the first phase of Helios's buildout. The financing follows a series of major developments at the Helios datacenter campus, including the execution of a lease agreement with CoreWeave for the second phase of its Helios datacenter development.

Galaxy Digital continues to advance its long-term infrastructure plan at Helios, with the goal of building one of the largest AI datacenter campuses in the world. The company has 2.7 GW of additional power capacity under various stages of load study, with the potential to support up to 3.5 GW of power at full buildout.

This expansion is part of Galaxy Digital's broader strategy to meet the growing demand for scalable energy and compute solutions in the United States. The company's digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. In addition, it invests in and operates cutting-edge data center infrastructure to power AI and high-performance computing.

The financing facility is a significant step for Galaxy Digital as it looks to diversify its business model and capitalize on the growing demand for AI and HPC infrastructure. The company's long-term infrastructure plan at Helios is expected to generate substantial revenue and support its growth in the AI and HPC sectors.

References:
[1] https://www.prnewswire.com/news-releases/galaxy-closes-1-4-billion-project-financing-facility-to-accelerate-helios-ai-datacenter-development-302530804.html
[2] https://seekingalpha.com/news/4486182-galaxy-digital-secures-14b-financing-to-expand-helios-ai-data-center?feed_item_type=news
[3] https://www.ainvest.com/news/helios-technologies-shares-rise-1-63-intraday-soluna-expands-partnership-galaxy-digital-2508/