According to TheEnergyMag, Galaxy Digital’s indirectly wholly owned subsidiary, Galaxy Helios Data Centers II, plans to privately issue $3.51B of senior secured notes due in 2031, to fund the next phase of construction for the Texas Helios AI data center, including two buildings, 8 data halls, 400 MW of utility capacity, and 260 MW of critical IT capacity. The project has signed a 15-year lease with CoreWeave and is expected to begin collecting rent in the second quarter of 2027; this issuance is still subject to market conditions.

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RebaseAlchemist
· 9h ago
Is Texas electricity enough? A capacity of 400 megawatts sounds terrifying to say the least—I hope it can start production on time in 2027.
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RiskCompass
· 9h ago
$3.5 billion raised in financing plus a 15-year lease—Galaxy is betting heavily on AI compute infrastructure.
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PumpFunBystander
· 9h ago
CoreWeave is a star among compute power tenants, and landing a long-term order of this kind shows that AI data center demand is indeed strong. However, with a lot of variability in the market environment, the outcome of issuing notes still depends on how receptive buyers are.
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AirdropApe
· 9h ago
Helios is an interesting name—solar energy + AI data centers? Galaxy Digital’s shift from mining to infrastructure is becoming clearer and clearer.
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