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Galaxy Digital Secures $460 Million Investment for Helios Data Center Expansion

Galaxy Digital Secures $460 Million Investment for Helios Data Center Expansion

The funding from a major unnamed asset manager will enhance Galaxy’s AI and HPC hosting capabilities, with Helios set to deliver 133MW IT load by 2026.

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Fact Check
Multiple sources, including CoinCentral, Yahoo Finance, and Investing.com, directly corroborate that Galaxy Digital secured a $460 million investment. The evidence explicitly states the funds are intended for the development and expansion of the Helios data center campus in Texas.
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Summary

Galaxy Digital announced a $460 million private investment from one of the world’s largest asset managers to bolster its data center business and corporate needs. The deal comprises 9,027,778 newly issued Class A shares and 3,750,000 shares sold by executives, including CEO Mike Novogratz, at $36 per share—8.5% below the prior day’s close. Proceeds will support development of the Helios data center, targeted to provide 133 megawatts of IT load by mid-2026. Formerly a Bitcoin mining site, Helios is being transformed into an AI and high-performance computing facility, following a $1.4 billion funding secured earlier this year and a lease agreement with CoreWeave for 800MW of approved capacity. Galaxy shares rose 3% in post-market trading after the announcement.

Terms & Concepts
  • Helios Data Center: A facility owned by Galaxy Digital, transitioning from Bitcoin mining to AI and high-performance computing, set to provide 133 megawatts of IT load by 2026.
  • High-Performance Computing (HPC): The use of supercomputers and parallel processing to run advanced, resource-intensive applications in fields such as AI, research, and analytics.
  • Private Investment: Capital provided directly by investors to a company, often in exchange for equity, without offering shares on the public market.