Galaxy Digital secured 460 million USD through a private placement, issuing approximately 9 million new shares and selling 3.8 million shares to management, including CEO Mike Novogratz.
The funds will help develop the Helios campus, transitioning from a Bitcoin mining facility to a cutting-edge AI computing data center, set to be operational in the first half of 2026.
With previously obtained financing of 1.4 billion USD and a 15-year lease with CoreWeave, annual revenue is projected to surpass 1 billion USD, positioning it as a significant player in the data center market.
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