Galaxy Digital Prices $3.5 Billion Debt for Texas Data Center Expansion

The project involves building two facilities spanning 260 acres, designed to support 400 megawatts of total utility capacity and 260 megawatts of critical IT load. These funds will cover both construction costs and debt service reserves, marking a significant expansion of the company's footprint in the data center sector. The notes are scheduled to mature on August 1, 2031, with interest payments occurring semi-annually starting February 1, 2027.

Security for the offering rests on first-priority liens over the assets of the issuer and its guarantor, Galaxy Helios II LLC. While the deal is expected to close on July 28, 2026, the company noted that the final transaction remains subject to customary market conditions. The offering is restricted to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S, keeping the notes outside the scope of standard public registration.