The brutal $346M math behind Galaxy’s high-stakes race to build CoreWeave’s Texas AI mega-center
Galaxy Digital’s $3.507 billion financing for its CoreWeave data-center build in Texas comes with a steep price: about $346.3 million in annual interest. A Galaxy project subsidiary priced the 9.875% senior secured notes on July 23. The deal is slated to close July 28, and the notes mature on Aug. 1, 2031. The financing is…