Galaxy Digital Secures $1.4B for Helios AI Datacenter
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Mike Novogratz’s Galaxy Digital closed a $1.4 billion secured term loan facility to accelerate the development of its Helios artificial intelligence datacenter campus in Texas. On Friday, the company announced that the loan will cover about 80% of the construction costs for the first phase of the project, with Galaxy Digital contributing $350 million in equity. According to a US Securities and Exchange Commission filing, the loan is secured by all assets of Galaxy Helios I, a subsidiary of Galaxy Digital, and it will mature on Aug. 15, 2028. The capital will fund the expansion of the Helios AI datacenter to deliver power for AI workloads under a long-term agreement with the Graphics Processing Unit (GPU) cloud provider CoreWeave starting early 2026. The move highlights how digital asset firms leverage their capital-raising capabilities and repurpose infrastructure to tap into the increasing AI compute demand. This suggests that the broader compute and digital assets infrastructures may be converging. Galaxy Digital expects $1 billion in annual revenue from its CoreWeave deal Galaxy also announced that the AI services provider CoreWeave brought its total commitment to a full 800 megawatts of approved capacity at the Helios campus. This means that CoreWeave is leasing power, cooling and physical infrastructure for its AI and high-performance computing (HPC) operations. Galaxy Digital said that it expects an annual revenue of over $1 billion from its CoreWeave deal, which has a 15-year term. If it goes as planned, the company will earn about $15 billion in total revenue from the contract. The company said it expects the Helios datacenter to have a power capacity of 3.5 gigawatts at full buildout. Minus its deal with CoreWeave, the data center will have an extra 2.7 gigawatts to sell to its clients. Related: Core Scientific’s largest shareholder to vote against CoreWeave…
Filed under: News - @ August 16, 2025 2:28 am