On October 11, Galaxy Digital completed private financing at $36 per share, issued about 9 million new shares and sold about 3.80 million shares by management (including CEO Mike Novogratz). The transaction is expected to be completed after approval by the Toronto Exchange.
The funds will be used for general corporate purposes and the next phase of construction of the Helios campus in Dickens County, Texas. The park will be converted from a bitcoin mine to a high-performance computing data center for CoreWeave. The first phase is expected to go live in the first half of 2026 and can support tens of thousands of high-end AI servers. Galaxy previously received $1.40 billion in project financing and signed a 15-year lease with CoreWeave. Annual revenue is expected to exceed $1 billion; the project may grow into one of the largest data centers in the United States.
Galaxy raises $460 million to transform Texas bitcoin mining farm into AI data center
2025-10-10 23:39:51
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