Galaxy Digital Inc. (NASDAQ: GLXY) announced that its indirect wholly owned subsidiary, Galaxy Helios Data Centers II LLC, has priced a $3.507 billion private offering of 9.875% senior secured notes due 2031, according to a press release dated July 23, 2026.

The offering is expected to close on July 28, 2026, subject to market and other conditions. Net proceeds are intended to finance a portion of the development and construction of two buildings containing eight data halls on an approximately 260-acre property in Dickens County, Texas. The facility would have a combined total of 400 megawatts of utility capacity and 260 megawatts of critical IT capacity. Proceeds will also fund debt service reserves.

The notes will bear interest at 9.875% per annum, payable semi-annually in cash on February 1 and August 1 each year, beginning February 1, 2027, and will mature on August 1, 2031. The notes will amortize at 4.00% per annum of the original principal amount, with the first amortization payment due at least ten months after project completion.

The notes will be guaranteed by Galaxy Helios II LLC, a wholly owned direct subsidiary of the issuer, and will be secured by first-priority liens on substantially all assets of the issuer and guarantor, as well as all equity interests of the issuer held by its direct parent company.

The notes have not been registered under the Securities Act and will be offered only to qualified institutional buyers under Rule 144A and to non-U.S. persons outside the United States under Regulation S.