CoreWeave-Backed Data Center Plans $3.5 Billion Junk-Bond Sale
Bloomberg 2026-07-22 14:06:49
Context: Galaxy Digital Inc. is planning a $3.5 billion junk-bond sale to fund a data center tied to CoreWeave Inc., marking a significant foray into the riskier corners of the US credit market. This move is part of a broader trend of AI financing expanding into new areas. The data center is linked to CoreWeave Inc., a company backed by investors.
Key Facts
- Galaxy Digital Inc. is planning to raise about $3.5 billion from a debut junk-bond sale to fund a data center tied to CoreWeave Inc.
- The junk-bond sale represents a significant push into the riskier corners of the US credit market, driven by the financing needs of AI-related projects.
- The data center is tied to CoreWeave Inc., a company that has garnered backing from investors, though specific details about CoreWeave's backers are not provided.