TechFlow, August 15 — According to PRNewswire, Galaxy Digital (Nasdaq: GLXY) announced the completion of a $1.4 billion project financing to support the development of its Helios data center campus in West Texas. The financing will fully fund the initial renovation and expansion of Helios to deliver power for CoreWeave’s artificial intelligence and high-performance computing (HPC) operations in the first phase.
Galaxy has contributed $350 million in equity, with the remaining construction costs covered by debt financing. The $1.4 billion debt financing represents an 80% loan-to-cost ratio, has a term of 36 months, and is secured by all assets related to the first phase of Helios construction.
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