Galaxy Digital secures a $460 million private investment to transform its Bitcoin mining site in Texas into an AI data center. The deal involves 12.77 million Class A shares at $36 each, with proceeds for corporate use and expanding the Helios campus, set to deliver 133 megawatts by early 2026.

Following a $1.4 billion loan secured in August, Galaxy Digital partners with CoreWeave for AI cloud infrastructure, generating over $1 billion in annual revenue. The Helios data center will have a 3.5-gigawatt capacity, with CoreWeave committing to 800 megawatts, positioning it as one of North America’s largest AI projects.

Amid record Bitcoin hashrate, more crypto firms pivot to AI infrastructure. CoreWeave, previously a crypto mining company, acquired Core Scientific for $9 billion to expand data center capacity. This trend reflects the evolving nature of the industry, with firms adapting to changing market conditions and technological advancements.

Read more at Cointelegraph: Galaxy Digital Raises $460M to Build Texas AI Data Center