Galaxy Digital (GLXY) down after a billion dollar expansion

We have recently published 10 is more difficult stocks than Wall Street. Galaxy Digital (NASDAQ: GLXY) is the worst Tuesday performance.

Galaxy Digital witnessed the decrease in stock prices by 10.06 percent on Tuesday to close at 24.09 dollars each, as the investors were fully priced in the news of the expansion of the data center of $ 1.4 billion.

According to the company, the amount has successfully raised the amount through the debt financing facility, whose revenues will be used to develop the Data Center campus in West Texas.

The debt facility will finance the initial updating process and expand Helios to provide the first phase of energy for artificial intelligence and high -performance computing operations (HPC) under a long -term agreement with Coreweave Inc.

“This funding represents a major milestone in our transformation from Helios to the campus of the AI ​​and HPC data center from the next generation,” said Mike Novrozratz, founder of the Nasdaq: Glxy.

“We are on the right track and enthusiasts to provide the first phase of energy to Coreave from early 2026. This project is an essential step in diversifying the Galaxy business model and we are expanding until after encryption and to the broader infrastructure area of ​​artificial intelligence.”

Galaxy Digital (NASDAQ: GLXY) has provided stock requirements of $ 350 million, with the construction costs remaining by the debt facility.

Facilitating $ 1.4 billion debt, which has been secured by 80 percent for cost, has a 36 -month period and was secured by all assets associated with the first stage of Buildout’s Helios.

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