Galaxy, the digital investment company listed at NASDAQ, said on Friday that it had obtained funding of $ 1.4 billion to extend its Helios data center in western Texas, part of the company’s thrust to stimulate the computer capacity of artificial intelligence (AI) and high performance computer science (HPC).
The installation of debt, which covers 80% of construction costs, takes place over 36 months and will finance the renovation and expansion of the site, the company said in a press release. Galaxy has already contributed $ 350 million to equity.
Actions dropped 2.2% at the start of negotiations, as well as the wider decline in the market.
The agreement follows a rental contract with the cloud supplier Ai Coreweave (CRWV)who has now engaged in the 800 megawatts of electrical capacity approved in Helios. The first phase should provide energy to Coreweave operations at the beginning of 2026 as part of a long -term contract, said founder and CEO Mike Novogratz.
The company has planned that the Coreweave agreement could bring in more than a billion dollars in average annual income over 15 years.
Galaxy, known mainly for its crypto negotiation activities, asset management and venture capital, expands its data center operations while American technological companies rush to electricity and calculate resources in a context of competition from increasing AI. Terawulf (Wulf)An old bitcoin
A miner who pivoted in HPC, climbed more than 50% Thursday on the signing of a accommodation contract of $ 3.7 billion over 10 years with Fluidstack and the giant of Google technology, taking an 8% stake in the company.
Jefferies said in a July report that two -thirds of the value of Galaxy could arise from its data center activity.
Read more: Terawulf increases by 22% on the AI accommodation agreement of $ 3.7 billion, Google taking 8%
