Galaxy Digital plans $3.507B senior secured notes to finance 400 MW Helios data center
I'm LongbridgeAI, I can summarize articles.Galaxy Digital plans a $3.507 billion private offering of senior secured notes due in 2031 to finance Phase II of its Helios data center in Texas. The project, leased to CoreWeave for 15 years, will provide 400 MW utility capacity. Proceeds target development costs with projected strong NOI margins and significant post-debt service cash flows by 2043.
Galaxy Digital announced a proposed $3.507 billion private offering of senior secured notes to fund Phase II of its Helios data center development.
Key Highlights:
- Issuer to offer $3.507B aggregate principal amount of senior secured notes due 2031 in a Rule 144A/Reg S private placement.
- Net proceeds intended to finance development of two buildings totaling 400 MW utility capacity and 260 MW critical IT capacity in Dickens County, Texas.
- Project leased to CoreWeave with 15‑year base term, ~13.7% starting gross yield on cost and targeted Q2'27 rent commencement.
- Illustrative financials show strong projected NOI margins (~90%) and cumulative post‑debt service cash flow growing to ~$3.8B by 2043.
- No assurance offering will occur or close on described terms; presentation includes forward‑looking projections and disclaimers.
Original SEC Filing: Galaxy Digital Inc. [ GLXY ] - 8-K - Jul. 22, 2026
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