Galaxy Digital secures $1.4b for its Helios AI hub

Galaxy Digital obtained a loan of $ 1.4 billion to upgrade its Helios data center in Texas.

Digital galaxy widens its AI calculation capacities. Friday August 15, Galaxy Digital announcement that he had obtained $ 1.4 billion in debt funding. The funds will support the development of its campus in the Helios data center in western Texas.

“This funding marks an important step in our Helios transformation into a new generation AI and HPC data center campus,” said Mike Novogratz, founder and CEO of Galaxy. “We are on the right track and delighted to deliver the first power phase to Coreweave from the beginning of 2026. This project is a key step in the diversification of the Galaxy business model as we develop beyond the crypto and in the wider IA infrastructure space.”

Galaxy Digital cost $ 350 million in equity, while the rest of the construction cost will be covered by debt. At full capacity after upgrades, the Helios Data Center could support up to 3.5 GW of power, making it one of the largest in the world.

Galaxy plans to transform Helios into an AI center

Galaxy Digital diversifies its Crypto exploitation data center for AI calculation infrastructure. The location of the installation in Texas allows it to benefit from cheap energy and a favorable regulatory environment.

“We are executing with focus and discipline to transform Helios into one of the most important and advanced AI data centers campuses in the world,” said Novogratz. “This scale is only possible because of the strategy and the bases that we have implemented and the momentum that our team constitutes every day.”