Galaxy Digital $460M Helios Mine Shift Go AI Data Center

Galaxy Digital don secure $460 million private placement to turn dia Helios bitcoin mining site for Texas into big AI data center. Di deal wey one of di biggest asset managers for di world back, include issue of 9.03 million new Class A shares and sale of 3.75 million shares by executives for $36 each. Dem dey expect make di deal close by October 17, 2025, if TSX approve am. Galaxy Digital go stop to use old mining rigs and put high-performance computing hardware. Phase one go deliver 133 MW IT capacity by early 2026. Di full build-up target na 3.5 GW, make Helios be one of North America’s largest AI infrastructure projects. Dis change na after dem secure $1.4 billion loan for August 2025 wey cover about 80% of Helios building cost. Under 15-year agreement with AI cloud provider CoreWeave, Galaxy Digital go deliver AI and high-performance computing services from 2026. CoreWeave don commit 800 MW. Dem expect say revenue go pass $1 billion every year. Dis move show say bitcoin mining companies dey shift to AI work because halving dey reduce im profit.