Galaxy Digital has secured a $1.4 billion loan to repurpose its Helios Bitcoin mining center into an artificial intelligence data center. This move aligns with the digital asset managemen t firm’s long-term deal with the Graphics Processing Unit (GPU) provider CoreWeave Inc.
Loan Facility To Cover 80% Of Data Center Project
On Friday, August 15, Galaxy Digital announced the closing of a $1.4 billion debt facility to support the development of its Helios data center campus in West Texas. The project loan facility is expected to fund the initial repurposing and expansion of Helios to provide power for AI operations under its long-term agreement with CoreWeave.
The company’s media release revealed that while Galaxy has provided the $350 million equity requirement, the loan facility w