Galaxy Digital raises $1.4 billion... Converts Helios cryptocurrency mining facility into AI data center
JH Kim
Summary
- Galaxy Digital announced that it has raised $1.4 billion in debt funding.
- The funds raised are reportedly to be used to convert the Helios cryptocurrency mining facility into an AI data center.
- This conversion is said to fulfill a 15-year exclusive lease agreement with cloud company CoreWeave.
According to The Block, a cryptocurrency-focused media outlet, on the 15th (local time), Galaxy Digital has raised $1.4 billion in debt funding to convert the 'Helios' cryptocurrency mining facility in Texas into an AI data center. This funding will be used to fulfill a 15-year exclusive lease agreement signed with cloud company CoreWeave.
Previously, Galaxy Digital announced its plan to transition its mining business to AI computing in November of last year.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.