Galaxy, the digital asset investment firm that quotes in Nasdaq, said Friday that he has secured $ 1.4 billion in funds to expand its helios database in West Texas, part of the firm’s impulse to increase the computer capacity for artificial intelligence (AI) and high performance computing (HPC).
The debt installation, which covers 80% of construction costs, extends for 36 months and will finance the modification and expansion of the site, the firm said in a press release. Galaxy has already contributed $ 350 million in capital.
The actions fell 2.2% in the early negotiation, together with the broader setback in the market.
The agreement follows a lease with the AI Cloud Coreweave supplier (CRWV)which has now committed to the 800 megawatts of power capacity approved in Helios. The first phase is scheduled to deliver energy to Coreweave operations in early 2026 under a long -term contract, said founder and CEO Mike Novograph.
The firm projected that the Coreweave agreement could generate more than $ 1 billion in average annual income for 15 years.
Galaxy, mainly known for their trade businesses, asset management and asset companies, is expanding their data centers operations as the US technological companies declare by power and calculate resources in the midst of the growing competence of AI. Terawulf (Wulf)A former bitcoin
Miner that turned to HPC, shot more than 50% on Thursday by signing a 10 -year AI housing contract and $ 3.7 billion with fluidstack and the technological giant Google, taking an 8% participation in the company.
Jefferies said in a July report that two thirds of Galaxy’s value could come from his data centers business.
Read more: Terawulf jumps 22% in an AI accommodation agreement of $ 3.7b, with Google taking an 8% participation
