Galaxy Digital Secures $460 Million for AI Data Center Transformation
Galaxy Digital has secured a $460 million private investment to transform its former Bitcoin mining site in Texas into an AI data center. The investment, from one of the world's largest asset managers, involves purchasing 12.77 million Class A shares at $36 each.
- The investment will help expand Galaxy's Helios campus, expected to deliver 133 megawatts of IT capacity by next year.
- The transaction is pending approval from the Toronto Stock Exchange and is expected to close by October 17, 2025.
- Galaxy recently obtained a $1.4 billion loan for the Helios acquisition, targeting a 3.5-gigawatt capacity.
- A partnership with CoreWeave involves supplying 800 megawatts for AI workloads, with a 15-year contract yielding over $1 billion annually.
This positions Helios among the largest AI infrastructure projects in North America.