August 16, 2025
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Galaxy Secures $ 1.4b to Expand Helios Data Center for AI and HPC

The FIRM, LED BY MIKE NOVOGRATZ, Projected ITS Deal with AI Cloud Firm Coreweave Could Generate $ 1 Billion in Annual Revenue Over 15 Years.”, – WRITE: www.coindesk.com

Galaxy Secures $ 1.4b to Expand Helios Data Center for AI and HPCThe FIRM, LED BY MIKE NOVOGRATZ, Projected ITS Deal with AI Cloud Firm Coreweave Could Generate $ 1 Billion in Annual Revenue Over 15 Years.Updated Aug 15, 2025, 3:47 PM PUBLISHED AUG 15, 2025, 1:43 pm

Galaxy, The Nasdaq-Lited Digital Asset Investment Firm, SAID ON FRIDAY IT HAS SECURED $ 1.4 Billion in Funding to Expand Its Helios Data Center in West Texas, Part of The Firm Intelligence (AI) and High-performance Computing (HPC).

The Debt Facility, Which Covers 80% of Construction Costs, Runs for 36 MONHS AND WILL FUND The RETROFIT AND EXPANSION OF THE SITE, The FIRM Said in a Press Release. Galaxy Has Already Contributed $ 350 Million in Equity.

Shares Fell 2.2% in Early Trading, Along with The Broader Market Pullback.

The Deal Follows A Lease Agreement with AI Cloud Provider Coreweave (CRWV), Which Has Now Committed to All 800 Megawatts of Approved Power Capacity at Helios. The FIRST PHASE IS SCHEDULED TO DELIVER POWER to Coreweave’s Operations in Early 2026 Under A Long-Term Contract, Founder and CEO MIKE Novogratz SAID.

The FIRM PRIECTED THE COREWEAVAVAVAVAVAVAVAVAVAVAVAVAVAVAVAVAVAVAVAVAVENUE OVENUE OVER 15 YEARS.

Galaxy, Known Primarily for ITS Crypto Trading, Asset Management and Venture Businesses, Is Expanding Its Data Center Operations As US Tech Firms Scramble Am. Terawulf (Wulf), A Former Bitcoin

Miner that pivoted to hpc, soared over 50% on Thursday on Signing a 10-YEAR, $ 3.7 Billion ai Hosting Contract with Fluitstack and Tech Giant Google, Taking An 8% Stake in The Firl.

Jefferies Said in a July Report that Two Thirds of Galaxy’s Value Could STEM FROM ITS DATA CENTER BUSINESS.

Read More: Terawulf Jumps 22% on $ 3.7b AI Hosting Deal, With Google Taking 8% Stake

Disclaimer: Parts of this Article Were Generated with the Assistance from Ai Tools and Review by Our Editorial Team to Enseure Accucy and Adherence to Our Standards. For more information, See Coindesk’s Full Ai Policy.

Krisztian Sandor

Krisztian Sandor is a US Markets Reporter Focussing on Stablecoins, Tokenization, Real-World Assets. He Graduated from New York University Business and Economic Reporting Program Before Joinger. HE HOLDS BTC, SOL AND ETH.

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