Galaxy Digital secures $1.4B to convert Helios campus into AI and HPC hub
The post Galaxy Digital secures $1.4B to convert Helios campus into AI and HPC hub appeared on BitcoinEthereumNews.com.
Galaxy Digital Inc. has finalized a $1.4 billion financing deal to convert its Helios campus in West Texas from cryptocurrency mining to artificial intelligence (AI) and high-performance computing infrastructure (HPC). The financing will support the agreement with CoreWeave Inc., which has committed to the approved capacity of 800 megawatts. The deal has been secured at an 80% loan-to-cost ratio for 36 months. Galaxy has generated $350 million in equity, while a debt facility covers the rest. According to the deal terms, the project’s first phase is set to begin in early 2026. Galaxy plans to repurpose the Helios campus into an AI and HPC service platform Galaxy acquired the Helios campus in 2022 and is now repurposing it as an AI and HPC service platform to meet the growing demand for AI services. The lease agreement covers 15 years and is expected to generate revenue exceeding $1 billion. CoreWeave has agreed to expand in stages, eventually using all the 800 MW capacity for IT load. We’ve closed a $1.4B project financing facility to accelerate development of our Helios AI datacenter in Texas, fast-tracking delivery of critical AI and HPC infrastructure under our long-term agreement with @CoreWeave. Helios is on track to become one of the largest AI… pic.twitter.com/fKcKaSGL4l — Galaxy (@galaxyhq) August 15, 2025 Helios’ site can scale up to 3.5 GW, with 2.7 GW under load study. Currently, an additional 1.7 GW is under construction, which, when fully operational, will advance the site to be among the most extensive AI datacenter facilities in the U.S. CoreWeave data centre deployment at Helios will utilize NVIDIA H100 graphics processing units (GPUs). Liquid cooling technology will also reduce energy consumption by up to 40%. Power utility will be sourced from 100% carbon-free onsite renewable energy. Galaxy and CoreWeave are reportedly working on…
Filed under: News - @ August 15, 2025 6:28 pm