[Galaxy Raises $460 Million to Advance Texas AI Data Center Transformation] According to The Block, Galaxy Digital completed a private placement at $36 per share, issuing approximately 9 million new shares and selling about 3.8 million shares by management (including CEO Mike Novogratz). The transaction is expected to be finalized after approval by the Toronto Stock Exchange on October 17. The funds will be used for general corporate purposes and the next phase of construction at the Helios campus in Dickens County, Texas. The campus is being transformed from a Bitcoin mining facility into a high-performance computing data center for CoreWeave. The first phase is expected to go live in the first half of 2026, supporting tens of thousands of high-end AI servers. Galaxy previously secured $1.4 billion in project financing and signed a 15-year lease agreement with CoreWeave, with annual revenue projected to exceed $1 billion. This project could potentially grow into one of the largest data centers in the United States.