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Galaxy Digital Completes $1.4 Billion Project Financing to Accelerate Helios AI Data Center Construction
Summary: According to official sources, Galaxy Digital Inc. (NASDAQ: GLXY) has announced the completion of a $1.4 billion project financing to support the ongoing construction of its Helios data center campus in western Texas. The financing will cover the initial renovation and expansion of Helios, providing power supply for the first phase of artificial intelligence (AI) ...
According to official sources, Galaxy Digital Inc. (NASDAQ: GLXY) has announced the completion of a $1.4 billion project financing to support the ongoing construction of its Helios data center campus in western Texas. The financing will cover the initial renovation and expansion of Helios, providing power supply for the first phase of artificial intelligence (AI) and high-performance computing (HPC) operations, which will be delivered through a long-term agreement with CoreWeave Inc. Galaxy has contributed $350 million to meet equity requirements, with the remaining construction costs financed through debt. The $1.4 billion debt financing is 80% of the cost, with a term of 36 months and secured by all assets related to the first phase construction of Helios.
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Link: Galaxy Digital Completes $1.4 Billion Project Financing to Accelerate Helios AI Data Center Construction [Copy]
