Galaxy Digital Holdings

Galaxy Digital delivered Phase I of its Helios data center on schedule and on budget, providing 133 MW to CoreWeave and expecting about $80 million of leasing revenue and >90% project-level adjusted EBITDA in Q3. The company completed a $3.5 billion five-year high-yield note financing to fully fund Phase II and expanded its development pipeline with three new Texas sites, taking potential power capacity above 5.7 GW. Firm-wide Q2 results included a GAAP net loss of $85 million and adjusted EBITDA of negative $77 million, while operating businesses showed improvement; Galaxy also grew its digital-assets infrastructure business with product launches (GOFR, Galaxy Curator) and a multiyear design partnership with Bank of New York. Management emphasized diversified, recurring revenue streams and continued capital allocation toward data centers and institutional digital-asset infrastructure. » More on finance.yahoo.com

Galaxy Digital reported a net loss of $85 million for Q2 2026 and an adjusted EPS of -$0.09, weighed down by digital asset impairments of $181 million and a revenue decline of about 15% to $8.56 billion. In addition, the research team was at the center of a security crisis around a Coldcard vulnerability; confirmed losses exceed $100 million and 1,596 stolen bitcoins. Analysts cut price targets, while the stock fell sharply in premarket trading and was quoted at $20.56. » More on de.investing.com

Galaxy Digital has acquired about 500 acres in McGregor, Texas to develop a data center campus for AI and high-performance computing. The first buildout is targeted at 74 MW, with coordination for expansions exceeding 75 MW on the ERCOT grid; long term, expansion to several hundred megawatts by 2030 is possible, depending on additional transmission infrastructure. The company is constructing a private substation, securing financing for local infrastructure measures and expects the local tax base to increase by at least $130 million; operations are to be powered and ramped up starting in 2028. » More on de.investing.com

Galaxy Digital said its subsidiary Galaxy Helios Data Centers II LLC priced a private placement of senior secured notes totaling $3.507 billion. The securities carry a 9.875% coupon and matures on August 1, 2031; closing is expected on July 28, 2026. Proceeds will finance the construction of a facility with two buildings and eight data center halls in Dickens County, Texas (connected capacity 400 MW, critical IT power 260 MW), as well as reserves for debt service; interest is paid semi‑annually, amortization 4% p.a., offering is targeted at qualified institutional buyers (Rule 144A, Regulation S). » More on de.investing.com

Galaxy Digital plans an initial issuance of about $3.5 billion in high-yield bonds to finance the Helios Data Center Campus in Dickens County, West Texas. The five-year notes provide annual payments of 4% of the original principal, starting ten months after construction completion. Morgan Stanley and Goldman Sachs are underwriting the deal, which is reported to be priced on July 23. CoreWeave has committed to 15-year leases for compute capacity that are expected to generate more than $1 billion in annual revenue for the project. » More on de.investing.com