07:50 AM EDT, 08/15/2025 (MT Newswires) -- Galaxy Digital ( GLXY ) said Friday it closed a $1.4 billion financing facility to fully fund the initial retrofit and expansion of its Helios datacenter campus in West Texas.

The company has provided the $350 million equity requirement, with the remaining construction costs to be covered by the debt facility. The company said the facility was secured at 80% loan to cost, has a 36-month term, and is secured by all the assets related to the first phase of Helios's buildout.

Galaxy said it expects the facility to help the project deliver the first phase of power for artificial intelligence and high-performance computing operations under a long-term agreement with CoreWeave ( CRWV ) .

Galaxy shares were up 1% in recent premarket activity, while CoreWeave ( CRWV ) fell 3.3%.