Galaxy Digital Raises $460 Million for AI Data Center Expansion

Galaxy Digital has secured a significant investment of $460 million to transform its former Bitcoin mining facility in Texas into a state-of-the-art artificial intelligence data center. The company announced the deal on Friday, securing 12.77 million Class A shares at a price of $36 per share. These funds will be used for general corporate purposes and the expansion of the Helios campus, which is expected to offer 133 megawatts of IT capacity by early 2026. This project is slated to close around October 17, 2025, subject to approval from the Toronto Stock Exchange.