According to ChainCatcher news, Galaxy Digital (NASDAQ: GLXY) announced the completion of $1.4 billion in 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, with the remaining construction costs covered by debt financing. This $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.
