Galaxy Digital secures a $1.4 billion loan to accelerate the development of its Helios AI datacenter in Texas. The loan will cover 80% of construction costs for the first phase, with Galaxy Digital contributing $350 million. The capital will fund expansion to deliver power for AI workloads starting in early 2026.

CoreWeave commits to leasing 800 megawatts of power at the Helios campus, generating an expected annual revenue of over $1 billion for Galaxy Digital. The Helios datacenter is projected to have a 3.5 gigawatt power capacity at full buildout, with 2.7 gigawatts available for other clients.

Galaxy Digital’s foray into AI follows a trend of crypto firms seeking new growth avenues as institutional capital flows into AI. CoreWeave, previously a crypto miner, acquired Core Scientific for $9 billion to support its AI and HPC workloads. The Helios data center, initially for Bitcoin mining, now supports AI initiatives.

Read more at Cointelegraph: Galaxy Digital Secures $1.4B for Helios AI Datacenter