Galaxy secures $1.4B debt facility to retrofit Helios for CoreWeave AI deal

#GalaxyDigita has closed a $1.4 billion debt financing to upgrade its #Helios data center in Texas, shifting part of the facility from bitcoin mining to artificial intelligence and high-performance computing. The financing, led by Deutsche Bank, comes with 36-month terms and is backed by assets tied to the first phase of construction. Galaxy will also contribute $350 million in equity. Under a 15-year lease agreement, #CoreWeave will be the exclusive tenant, with plans for 800 MW of IT capacity at Helios.