Galaxy Digital secures $1.4 billion in funding to support the construction of the Helios data center.

On August 15, according to official news from [区块律动], Galaxy Digital Inc. (NASDAQ: GLXY) announced that it has completed a $1.4 billion project financing to support the ongoing construction of its Helios data center campus in West Texas. This financing will fully cover the initial renovation and expansion work of Helios, providing the first phase of power supply for artificial intelligence (AI) and high-performance computing (HPC) business, which will be delivered through a long-term agreement signed with CoreWeave Inc.

Galaxy has invested $350 million to meet equity requirements, while the remaining construction costs will be covered by debt financing. The $1.4 billion debt financing has a loan-to-cost ratio of 80%, a term of 36 months, and is secured by all assets related to the first phase of Helios construction.

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liquidation_watchervip
· 1h ago
This isn't going to be another unfinished project, is it?
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GasFeeCryingvip
· 08-15 11:56
The money was all eaten up by my gas fee.
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WhaleWatchervip
· 08-15 11:50
Another one playing the clear cards.
View OriginalReply0
CoffeeOnChainvip
· 08-15 11:48
Another mining company's noise
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LuckyBlindCatvip
· 08-15 11:46
Mining is definitely more rewarding than just making quick money.
View OriginalReply0
WalletAnxietyPatientvip
· 08-15 11:41
It's time to make money and build a career!
View OriginalReply0
degenonymousvip
· 08-15 11:34
Texas is really wealthy.
View OriginalReply0
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