Published in Texas

Galaxy Digital Closes $1.4bn Debt Facility

Aug 20, 2025 | Posted by Abdul-Rahman Oladimeji

Galaxy Digital Holdings Ltd. has closed a $1.4 billion project financing facility for the development of its Helios data center campus in Texas which was previously used by Galaxy for cryptomining, before being converted to host AI cloud provider CoreWeave.

"This financing marks a major milestone in our transformation of Helios into a next-generation AI and HPC datacenter campus," said Mike Novogratz, founder and CEO of Galaxy.


"We're on track and excited to deliver the first phase of power to CoreWeave beginning in early 2026. This project is a key step in diversifying Galaxy's business model as we expand beyond crypto and into the broader AI infrastructure space."

Galaxy has provided $350 million in equity, and the remaining construction costs will be covered by the debt facility, which has a 36-month term and is secured by the assets associated with the first phase of Helios' buildout.

There are 628 data centers in Texas.

Tentative site plan for Zydeco Development's data center in Hutto, Texas
Posted in Zydeco Development: Hutto, Texas Source: Zydeco
The Autophone of Laredo data center in Texas (Image 5)
Posted in Autophone: Laredo Source: Autophone of Laredo
The Autophone of Laredo data center Texas (Image 4)
Posted in Autophone: Laredo Source: Autophone of Laredo
The Autophone of Laredo data center Texas (Image 3)
Posted in Autophone: Laredo Source: Autophone of Laredo
The Autophone of Laredo data center in Texas (Image 2)
Posted in Autophone: Laredo Source: Autophone of Laredo
The Autophone of Laredo data center in Texas (Image 1)
Posted in Autophone: Laredo Source: Autophone of Laredo
EdgeConneX acquired a 180-acre parcel near AUS01 in Bastrop, Texas.
Posted in EdgeConneX: Austin AUS01 Source: Bastrop CAD
Site for QumulusAI's data center in Denton, TX
Posted in QumulusAI: Denton, TX |
Hut 8 launched Project Vega in Texas
Posted in Hut 8: Project Vega Source: Hut 8
Rendering of Skybox San Angelo Data Center Campus in Texas
Posted in Skybox: San Angelo, Texas Source: Skybox
Rendering of Rowan Digital's Project Temple in Texas
Posted in Rowan: Project Temple Source: Rowan Digital Infrastructure
Rendering of Nexus Data Centers' campus in Hubbard, TX
Posted in Nexus: Hubbard, Texas Source: Nexus Data Centers
Overwatch Capital's Resilience DFW facility in Plano, Texas
Posted in Resilience DFW Source: Overwatch Capital
Conceptual plan for Crusoe's Goodnight Campus in Armstrong County
Posted in Crusoe: Goodnight Campus Source: Armstrong County Tax Abatement Agreement GNDC1
TRG Datacenters' Houston 1 site in Houston
Posted in TRG Datacenters: Houston HOU1 Source: TRG Datacenters
TRG HOU1 Internal 2
Posted in TRG Datacenters: Houston HOU1 Source: TRG Datacenters
TRG HOU1 Internal 3
Posted in TRG Datacenters: Houston HOU1 Source: TRG Datacenters
Rendering of TRG Datacenters' HOU2 Facility in Houston
Posted in TRG Datacenters: HOU2 Source: TRG Datacenters
Rendering of Skybox's PowerCampus in Dallas
Posted in Skybox: PowerCampus Dallas Source: Skybox
Site for Prominent Property Group's data center in Jarell, TX
Posted in Prominent Property: Jarell, TX Source: City of Jarrell, Texas
Proposed site plan for Project Labrador in Dallas
Posted in Project Labrador Source: WHL Dallas 45 LLC
Clearway's Elbow Creek wind farm in Texas
Posted in Satoshi Energy: Elbow Creek Source: Clearway Energy
Development area of Tract's Caldwell Valley Campus in Texas
Posted in Tract: Caldwell Valley Source: Tract
Development area of Tract's Medina Tech Park in Texas
Posted in Tract: Medina Tech Park Source: Tract
Cawley Partners acquired land in Ferris, Texas
Posted in Cawley Partners: South Creek Ranch Source: Cawley Partners
Rendering of Fermi America's HyperGrid™ Campus
Posted in Fermi America: HyperGrid Campus Source: Fermi America & Texas Tech University
Location Total SqFt Gross SqFt Power (MW)
Central Point
Request Dataset
 754,000 SqFt
 NN Request Dataset
Metro Station
Request Dataset
 312,000 SqFt
 118,000 SqFt
 NN Request Dataset
Central
Request Dataset
 312,000 SqFt
 118,000 SqFt
 NN Request Dataset
DataBank Waco ACT1 43,596 SqFt
 14,210 SqFt
 NN Request Dataset
Fibertown Bryan 12,000 SqFt
 NN Request Dataset

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