August 15, 2025 — Leads & Copy — Galaxy Digital Inc. has secured a $1.4 billion project financing facility to advance the Helios datacenter campus in West Texas, supporting a long-term agreement with CoreWeave Inc. The funds will cover the initial retrofit and expansion to supply power for AI and high-performance computing operations.
Mike Novogratz, Founder and CEO of Galaxy, highlighted the financing as a key milestone in transforming Helios into a next-generation AI and HPC datacenter campus, with the first phase of power delivery to CoreWeave expected in early 2026. The project marks Galaxy’s expansion into the AI infrastructure space.
Galaxy provided $350 million in equity, with the Debt Facility covering remaining construction costs. The debt, secured at 80% loan to cost, has a 36-month term and is secured by the assets of Helios’ first phase. The lease agreement with CoreWeave will provide an additional 260 MW of IT load for AI and HPC operations, similar to a previous agreement. CoreWeave has committed to the full 800 MW of approved power capacity at the Helios datacenter campus.
Galaxy anticipates annual revenue of over $1 billion over the 15-year term of the agreements with CoreWeave.
The Helios datacenter campus aims to be one of the largest AI datacenter campuses globally, with plans for 2.7 GW of additional power capacity, potentially supporting up to 3.5 GW at full buildout.
Galaxy is a global leader in digital assets and data center infrastructure. Additional information about Galaxy’s businesses and products is available on www.galaxy.com
Contact:
Galaxy Digital Investor Relations
ir@galaxy.com
