Galaxy Digital Prices $3.507 Billion Notes for Texas Data Center Project

Galaxy Digital has priced a $3.507 billion private offering of 9.875% senior secured notes due 2031 through indirect wholly owned subsidiary Galaxy Helios Data Centers II LLC, the company said in a press release.

The offering is expected to close on July 28, 2026, subject to market and other conditions. Galaxy said the proceeds will finance part of the development and construction of two buildings with eight data halls on a site of about 260 acres in Dickens County, Texas.

The project will have 400 megawatts of utility capacity and 260 megawatts of critical IT capacity. Proceeds will also fund debt service reserves.

The notes will bear 9.875% annual interest, paid in cash on February 1 and August 1 each year starting February 1, 2027. They will mature on August 1, 2031, and will be offered only to qualified institutional buyers and certain investors outside the United States.