Galaxy Digital Receives $460 million Investment to Build Large AI Data Center in Texas
2025-10-11 10:23:32
Galaxy Digital has received a $460 million private investment to transform its former bitcoin mine in Texas into a massive artificial intelligence data center. The deal involves the acquisition of 12.77 million Class A shares at $36 per share, with proceeds earmarked for general corporate use and expansion of its Helios campus, expected to provide 133 trillion watts of IT capacity in early 2026, it announced on Friday. The deal is expected to close around October 17, 2025, pending approval from the Toronto Stock Exchange.
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