Galaxy Secures $1.4 Billion for Helios AI Datacenter Expansion

Galaxy Digital Inc. has closed a $1.4 billion project financing facility to accelerate the development of its Helios AI datacenter campus in West Texas, announced in a press release. This financing will support the initial retrofit and expansion of Helios, enabling the delivery of the first phase of power for AI and high-performance computing (HPC) operations under a long-term agreement with CoreWeave.

The financing facility, secured at 80% loan to cost, has a 36-month term and is backed by the assets associated with the first phase of Helios's buildout. Galaxy has provided the $350 million equity requirement, with the remaining construction costs covered by the debt facility. This marks a significant milestone in Galaxy's strategy to diversify beyond cryptocurrency and into AI infrastructure.

CoreWeave has committed to the full 800 MW of approved power capacity at the Helios campus, with Galaxy anticipating average annual revenue of over $1 billion over the 15-year term of the agreements. The Helios datacenter campus aims to become one of the largest AI datacenter campuses globally, with the potential to support up to 3.5 GW of power at full buildout.