Galaxy Digital Subsidiary to Offer $3.5B in Notes to Fund New Texas Data Center

Galaxy Digital's subsidiary, Galaxy Helios Data Centers II LLC, announced a private offering of $3.507 billion in senior secured notes due 2031. Proceeds are intended to finance the development and construction of a new 400-megawatt data center campus in Dickens County, Texas, which has been fully leased to cloud provider CoreWeave.

Key Details

• Offering: $3.507 billion in senior secured notes due 2031 offered via a private placement to qualified institutional buyers.
• Project Funding: Proceeds will finance a new data center with 400 MW of utility capacity and 260 MW of critical IT capacity in Dickens County, Texas.
• Lease Agreement: The facility is pre-leased to CoreWeave for a 15-year initial term, representing a minimum of $10.4 billion in contracted lease payments.
• Timeline: The targeted rent commencement date for the new facility is Q2 2027.