Galaxy, the firm listed in NASDAQ listed in the Digital Asset Investment Firm, on Friday it got $ 1.4 billion in funding To expand the Helios Data Center in West Texas, part of the company’s pushing to boost computing capacity for artificial intelligence (Ai) and computing high performance (HPC).
Debt facility, which covers 80% of construction costs, runs for 36 months and will fund the retrofit and expansion of the site, the company said in A Press release. Galaxy has contributed $ 350 million in equity.
Shares fell 2.2% in early trading, along with a broader market pullback.
Dealing complies with a rent agreement with AI Cloud Provider Coreweave (Coll)which is now focused on all 800 megawatts of approved power capacity in Helios. The first phase is set to convey power to coreweave operations in early 2026 under a long -term contract, founder and CEO Mike Novogratz said.
The firm expected the coreweave deal could bring more than $ 1 billion to the average annual income over 15 years.
Galaxy, known especially for crypto trading, asset management and adventure businesses, expands its data center operations as tech tech companies scramble for power and calculate resources amid increased AI competition. Terawulf (Wulf)A former bitcoin
Miner who is pivoted to HPC, climbed more than 50% on Thursday at Sign of a 10-year, $ 3.7 billion The AI -Hosting contract with the FluidsTack and tech giant Google, which took an 8% stake to the firm.
Jefferies told a July report that the two thirds of the Galaxy value can come from its data center business.
Read more: Terawulf jumped 22% with $ 3.7B AI hosting deal, with Google taking 8% stake
