Galaxy Digital completes $1.4 billion financing to accelerate the construction of the Helios data center.

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[BitPush] Galaxy Digital Inc. (NASDAQ: GLXY) has announced the completion of $1.4 billion in project financing to support the ongoing construction of its Helios data center campus in West Texas. This financing will fully cover the initial renovation and expansion work of Helios, providing the first phase of power supply for artificial intelligence (AI) and high-performance computing (HPC) operations, which will be delivered through a long-term agreement with CoreWeave Inc.

Galaxy has invested $350 million to meet equity requirements, while the remaining construction costs will be covered by debt financing. The $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.

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WalletDoomsDayvip
· 08-15 11:52
Is 1.4 billion also buying the dip? Let's see who loses more.
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EntryPositionAnalystvip
· 08-15 11:50
Still need to continue copying homework.
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GateUser-ccc36bc5vip
· 08-15 11:45
Essential for ecology!
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RugPullAlarmvip
· 08-15 11:31
Debt ratio 80%? Such a high leverage can't be sustained for 36 months.
View OriginalReply0
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