Galaxy raises $1.4 billion to accelerate Helios AI data center development

According to Jinse Finance, digital asset provider Galaxy Digital Inc. announced today that it has completed a $1.4 billion project financing (“debt financing”) to support the ongoing development of its 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 first-phase power support for AI and high-performance computing (HPC) operations. Galaxy has already provided $350 million in equity financing, with the remaining construction costs to be covered by the debt financing. This $1.4 billion debt financing is secured at an 80% loan-to-cost ratio, has a term of 36 months, and is collateralized by all assets related to the first phase of Helios construction.