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Galaxy Digital Secures $1.4 Billion for Texas Helios Data Center Expansion

The investment will upgrade AI and high-performance computing infrastructure, with CoreWeave leasing full 800MW capacity in a long-term agreement.

Summary

Galaxy Digital has raised $1.4 billion to expand its Helios data center campus in Texas. The funding includes $350 million in equity from Galaxy and the rest from debt financing. The first phase will enhance AI and high-performance computing infrastructure. CoreWeave has secured a second-phase lease for the site’s full 800MW approved capacity, projected to generate over $1 billion in annual revenue for 15 years. Galaxy intends to make Helios one of the world’s largest AI data centers.

Terms & Concepts
  • High-Performance Computing (HPC): Advanced computational systems capable of processing large data sets and complex calculations at high speeds, used in AI, scientific research, and simulations.
  • MW (Megawatt) Capacity: A measure of the maximum power output or consumption capability of a facility, where 1 MW equals one million watts.
  • Data Center Campus: A large facility or cluster of facilities housing computer systems and infrastructure to store, process, and distribute data.