TLDR
- Galaxy Secures $1.4B for Helios AI Campus, Shares Dip 5.3% on News
- $1.4B Helios Deal Expands Galaxy’s AI Push, Market Reacts Negatively
- Galaxy Eyes 3.5GW AI Hub with Helios, Despite Stock Drop to $27.06
- Galaxy Shares Slide as $1.4B AI Datacenter Deal Fails to Soothe Market
- CoreWeave Taps Full 800MW at Helios; Galaxy Stock Tumbles on News
Galaxy Digital(GLXY) shares declined sharply by 5.30% to $27.06 in early trading hours, following major infrastructure financing news.
GLXY Secures $1.4 Billion to Expand Helios AI Datacenter Campus
GLXY confirmed the closing of a $1.4 billion debt facility to support the Helios datacenter retrofit and expansion in West Texas. The financing will enable Galaxy to deliver the first power phase to CoreWeave under a long-term service agreement. The facility holds a 36-month term and is secured by assets related to the initial phase of the Helios buildout.
We’ve closed a $1.4B project financing facility to accelerate development of our Helios AI datacenter in Texas, fast-tracking delivery of critical AI and HPC infrastructure under our long-term agreement with @CoreWeave.
Helios is on track to become one of the largest AI… pic.twitter.com/fKcKaSGL4l
— Galaxy (@galaxyhq) August 15, 2025
The company contributed $350 million in equity, covering the required upfront funding for construction. Galaxy structured the deal at 80% loan-to-cost, aligning with previous earnings call disclosures. This funding forms a major part of the company’s infrastructure plan focused on high-performance computing and AI services.
Helios is central to Galaxy’s strategy to diversify beyond digital assets. The datacenter is designed to host critical IT load operations under multi-year contracts. The company aims to deliver full capacity and begin operations with CoreWeave in early 2026.
CoreWeave Commits to Full 800 MW Capacity Under Expansion Agreement
CoreWeave has finalized its full commitment to access the entire 800 MW of approved power capacity at Helios. The new agreement adds 260 MW, while an earlier option adds an additional 133 MW. These agreements follow the initial lease signed earlier this year for the datacenter’s first phase.
The contracts allow CoreWeave to expand its AI and high-performance computing operations within the Helios campus. Galaxy expects to generate over $1 billion annually across the 15-year agreement term. These projections are based on internal capital expenditure estimates and full power utilization.
The deal strengthens Galaxy’s position in the AI infrastructure sector and extends its growth potential beyond cryptocurrency markets. The company continues to structure long-term revenue through capacity-driven contracts. This commitment indicates confidence in scaling AI-related infrastructure across multiple phases.
Galaxy Pursues 3.5 GW Total Capacity to Build a Global AI Infrastructure Hub
Galaxy has outlined plans to expand Helios to 3.5 GW through staged load studies and infrastructure development. It currently has 2.7 GW in progress, with the goal of building one of the largest AI datacenter campuses globally. This long-term infrastructure roadmap aims to secure future demand and diversify Galaxy’s operational scope.
The Helios campus forms a major component of Galaxy’s shift toward energy-intensive data operations. This strategic move marks a significant evolution from its core digital asset business model. Galaxy is executing this transition with structured financing, clear timelines, and defined operational targets.
