Wire · operational-macro
Galaxy Digital plans $3.5B junk bond sale for AI data center
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Fusion42 · 23 July 2026 · Fusion42 review
Galaxy Digital is raising $3.5 billion through junk bonds to build and operate the Helios Data Center Campus in West Texas, with CoreWeave committing to 15-year leases worth over $1 billion annually. This marks a shift in how AI infrastructure is financed, using leverage rather than equity to fund hyperscale compute capacity.
This Wire brief sits within Fusion42's coverage of AI Infrastructure.
◆ ◆ The Wire takeaway
AI infrastructure just stopped being a venture asset and became a bond-financed utility. If you supply anything to these data centers—power, cooling, networking, security—you now have predictable 15-year revenue customers and a debt-backed buyer pool.
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1 source · 22 Jul 2026
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