Galaxy Digital raises USD 460 million to transform a Texas-based Bitcoin mining facility into an AI data center.

Breakings · Oct 11 07:37

On October 11, it was announced that Galaxy Digital completed a private placement at USD 36 per share, issuing approximately 9 million new shares and allowing management (including CEO Mike Novogratz) to sell around 3.8 million shares, with the transaction expected to be finalized following approval from the Toronto Stock Exchange. The proceeds will be used for general corporate purposes and the next phase of construction at the Helios facility in Dickens County, Texas, which is being repurposed from a Bitcoin mining operation into a high-performance computing data center for CoreWeave. The first phase is expected to go live in the first half of 2026, supporting tens of thousands of high-end AI servers. Galaxy previously secured USD 1.4 billion in project financing and signed a 15-year lease agreement with CoreWeave, with anticipated annual revenue exceeding USD 1 billion. This project is expected to become one of the largest data centers in the United States.

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