Investment fuels transformation of former bitcoin mining site into a major data center, expanding high-performance computing capabilities for artificial intelligence applications. Galaxy Digital will utilize the funding to accelerate development of Helios, its data center campus in Texas, with initial focus on supporting CoreWeave’s rapid growth as an AI cloud provider. The facility is expected to become one of the largest data centers in the U.S., housing tens of thousands of high-end AI servers. The investment, priced at $36 per share and involving a sale of 9 million new shares and 3.8 million existing shares by executives including CEO Mike Novogratz, awaits approval from the Toronto Stock Exchange.