Galaxy Digital Secures $460M Investment for AI Data Center Transformation
- Galaxy Digital received a $460 million private investment from a major asset manager.
- The deal involves purchasing 12.77 million Class A shares at $36 each.
- Funds will support the expansion of the Helios campus, expected to deliver 133 megawatts of IT capacity by early 2026.
- Galaxy’s stock fell by 6% on the day of the announcement.
- This investment follows a $1.4 billion loan secured in August for the Helios project, which aims for a total capacity of up to 3.5 gigawatts.
The new funding will help Galaxy Digital transition its former Bitcoin mining site into an AI data center, reflecting a trend where crypto firms pivot towards AI infrastructure amid evolving market conditions.
With expectations to generate over $1 billion annually from its partnership with CoreWeave, this strategic move positions Galaxy Digital as a significant player in both Bitcoin and AI sectors moving forward.
