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Shares of data center real estate company Fermi closed down 34% after a tenant terminated a $150M agreement to help fund an AI campus in West Texas
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2025-08-16
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Mike Novogratz's Galaxy says it has secured $1.4B in debt financing to expand its Helios data center in West Texas, aiming to boost AI and HPC capabilities
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Mike Novogratz's Galaxy says it has secured $1.4B in debt financing to expand its Helios data center in West Texas, aiming to boost AI and HPC capabilities
The firm, led by Mike Novogratz, projected its deal with AI cloud firm CoreWeave could generate $1 billion in annual revenue over 15 years.
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