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Galaxy completes $1.4 billion financing to accelerate Helios AI data center development
[Galaxy Completes $1.4 Billion Financing to Accelerate Helios AI Data Center Development] Digital asset provider Galaxy Digital Inc. today announced the completion of a $1.4 billion project financing ("debt financing") to support the ongoing development of the Helios data center campus. Under a long-term agreement with CoreWeave Inc., this debt financing will fully fund the initial renovation and expansion of Helios, providing power support for the first phase of AI and high-performance computing (HPC) operations. Galaxy has provided $350 million in equity financing, while the remaining construction costs will be covered by debt financing. This $1.4 billion debt financing is secured at an 80% loan cost ratio, with a term of 36 months, and is collateralized by all assets related to the first phase of construction of Helios.