Galaxy Digital subsidiary announces $3.5B notes offering to finance 260 MW AI data center

Filed July 22, 2026 · Period ending July 22, 2026 · ~2 min read

Key Changes

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  Galaxy Helios Data Centers II LLC announced $3.507B senior secured notes due 2031 to finance construction of 260 MW critical IT capacity data center in Dickens County, Texas, leased to CoreWeave for 15 years with 13.7% starting gross yield on cost.

  Item 7.01 — Regulation FD Disclosure verify on EDGAR →
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  CoreWeave tenant has $43.6B market cap, $6.2B+ LTM revenue, $99.4B contracted revenue backlog as of Q1 2026, and Nvidia owns ~11.5% equity stake with up to $6.3B cloud capacity purchase obligation through April 2032.

  Exhibit 99.1 view on EDGAR →
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  Lease structure includes $10.4B minimum contracted payments, 3-5% annual rent escalators, ~90%+ NOI margin under near triple-net terms, with rent commencement targeted for Q2 2027 and two 5-year CoreWeave extension options.

  Exhibit 99.1 view on EDGAR →