Galaxy Digital Completes Phase I of Helios Data Center, Delivers 133 MW to CoreWeave
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Key Takeaways
- Galaxy delivered 133 MW of critical IT load to CoreWeave on schedule, marking the start of revenue generation for the Helios campus.
- The campus has 1.63 GW of approved power capacity with potential to scale to 3.6 GW to support AI and high-performance computing workloads.
Galaxy Digital Inc. (Nasdaq: GLXY) announced today that it has completed the initial power delivery phase at its Helios data center campus in West Texas. The company has successfully provided approximately 200 megawatts (MW) of gross power, which translates to 133 MW of critical IT load, to cloud provider CoreWeave (NASDAQ: CRWV). This delivery fulfills the first segment of a 15-year lease agreement between the two firms.
Operational Transition and Revenue Generation
The completion of Phase I signifies the transition of the Helios facility from a large-scale construction site into an active, revenue-generating campus configured for artificial intelligence workloads. Galaxy confirmed that the project was delivered on schedule. Rent commencement under the Phase I lease initiated during the second quarter of 2026.
Mike Novogratz, Founder and CEO of Galaxy, noted that the on-budget and on-time completion of this phase demonstrates the company's operational capability in executing hyperscale data center development.
