Galaxy Digital announced that it has secured $1.4 billion in debt financing aimed at developing its Helios data center in Texas, significantly boosting capabilities for data processing and AI applications.
Financing for Helios Data Center
Galaxy Digital secured $1.4 billion in debt financing to support the development of its Helios data center campus in West Texas. The company contributed $350 million of its own capital, while the remainder will be financed through debt.
Transforming Helios into an AI Hub
Galaxy Digital plans to transform the Helios data center from crypto mining to AI compute infrastructure. As Mike Novogratz, the founder and CEO of the company, stated, "This financing marks a major milestone in our transformation of Helios into a next-generation AI and HPC datacenter campus."
Advantages of Texas Location
The location in Texas provides advantages such as access to cheap energy and favorable regulatory conditions. "We’re executing with focus and discipline to transform Helios into one of the largest and most advanced AI datacenter campuses in the world," Novogratz added.
Thus, the investment in Helios by Galaxy Digital marks an important step in the company's development, allowing it to compete in the AI and high-performance computing market.
