Galaxy Digital Inc. Announces $3.507B Debt Offering for Texas Data Center

What Happened

• On July 22, 2026, Galaxy Helios Data Centers II LLC, an indirect wholly owned subsidiary of Galaxy Digital Inc., announced its intention to offer $3.507 billion aggregate principal amount of senior secured notes due 2031 in a private offering to qualified institutional buyers (Rule 144A) and non‑U.S. persons (Regulation S). The filing states there is no assurance the Offering will be completed as described.
• The Issuer intends to use net proceeds to finance part of the development and construction of two buildings containing eight data halls (totaling 400 MW of utility capacity and 260 MW of critical IT capacity) on an approximately 260‑acre property in Dickens County, Texas, and to fund debt service reserves. The filing includes illustrative financial information for the Project as Exhibit 99.1.

Key Details

• Proposed offering size: $3.507 billion of senior secured notes due 2031.
• Issuer: Galaxy Helios Data Centers II LLC (indirect, wholly owned subsidiary of Galaxy Digital Inc.).
• Project scope: two buildings, eight data halls; 400 MW utility capacity / 260 MW IT capacity on ~260 acres in Dickens County, Texas.
• Target purchasers: qualified institutional buyers (Rule 144A) and non‑U.S. persons (Regulation S). Filing date: July 22, 2026.

Why It Matters

• If completed, this financing would fund a large portion of Galaxy’s planned data center buildout in Texas, a capital‑intensive project that could enable future revenue generation from hosted infrastructure.
• Because the securities are senior secured notes, they would increase the company’s debt obligations and give noteholders a secured claim on assets tied to the project, which is important for investors tracking leverage and credit risk.
• The filing is an announcement of intent; it does not guarantee the Offering will occur or on the terms described. Investors should watch for further filings and disclosures about pricing, actual proceeds, and project timelines.