Galaxy Digital receives $ 1.4B loan to convert AloS Mining Location at AI data center
Galaxy Digital has received $ 1.4 billion loan to reduce the Helios Bitcoin mining center into the data intelligence orientation data center. This moving adapts the Digital Asset Management Management Firm Firm Deal Deal With the Graphics Procering Unit (GPU) Provider Coreweave Inc.
Loan Center to cover 80% of the data project
On Friday, on August 15, the digital digital galaxy announced the closure of $ 1.4 billion to support the development of Helios Data Center campus in West Texas in West Texas. The project loan center is expected to pay for the first repayment and increase in Helios to provide AI enforcement of AI under the long-term agreement with CoreEAVE.
The company’s media disclaimed the Metropard I gave the National Need for $ 350, the loan area will cover up to 80% of the construction phase cost of the first project phase. A total of 1.4 billion loans has 36-month loan 36 and secured by all assets associated with the first phase of Helios.
Mike Novogratz, the Founder and CEO of the Galala, said the development:
This funding to comment on a milestone in our Helios transformation to AI and HPC for AI and HPC data center. We are in the pursuit of and happy to bring the first category of power to begin in early 2026. The project is a key step in separating the Galaxy business model as we extend with Crypto and to a broader AI infrastructure.
CoreWave, a GPU cloud supplier that started as a Bitcoin mining, entered the lease agreement in August in August. According to the Digital Asset firm, this new covenant will provide Coreweave to reach 260 additional AI and HPC loading) activities.
Galaxy to generate an annual $ 1B income in corewave agreement
Galaxy Digital has shown that infrastructure program to increase helios in one of the largest Ai Data Center campuses in the world. In the perfect Baderacout, the firm expects that the helios compass supports until 3.5 gw of power.
With the Cease of Lelling Helios Data Center for its AI and HPC jobs, HPC’s galaxy is expecting annual returns for more than $ 1 billion for a 15-year agreement. This puts the Digital Asser Manager income available at $ 15 billion at the end of its contract with CoreEAVE.
As in the market closure of the market on Friday, Galaxy Digital Stock Inc. (Glxy) We were set up for about $ 26,09, showing more than 8% off the day before.
The price of GLXY on the daily timeframe | Source: GLXY chart on TradingView
Picture entered from Stock, chart from trade transaction
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