Galaxy Digital announces the completion of a $1.4 billion project financing, which will be used for the development of the Helios AI data center

ChainCatcher news, according to PR Newswire, Galaxy Digital (NASDAQ: GLXY) announced the completion of a $1.4 billion project financing to support the development of its Helios data center campus located in West Texas.

The financing will fully support the initial renovation and expansion of Helios to provide the power supply needed for CoreWeave's artificial intelligence and high-performance computing (HPC) operations in the first phase.

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.