Galaxy Digital has completed the first phase of its Helios data center campus in West Texas, delivering 133 megawatts of

Galaxy Digital Inc. announced the completion of Phase I of its Helios data center campus in West Texas, delivering approximately 200 megawatts of gross power, with 133 megawatts of critical IT load, to CoreWeave under a 15-year lease agreement. Phase I was delivered on schedule, with rent commencement beginning in the second quarter of 2026.

The completion marks Helios's transition from a large-scale construction project into a revenue-generating, AI-ready data center campus and reflects Galaxy's ability to develop and deliver hyperscale AI infrastructure from concept through operations.

Greenfield development is underway on Phase II, which will add 260 megawatts of critical IT load, with civil and structural work advancing and data hall deliveries expected to commence in the first half of 2027. Across Phases I through III, CoreWeave has committed to 526 megawatts of critical IT load—the full 800 megawatts of gross power currently approved and contracted at Helios—under 15-year leases that include two five-year extension options. These leases are expected to generate more than one billion dollars in average annual revenue.

Mike Novogratz, Founder and CEO of Galaxy, stated: "Completing Phase I on budget and on schedule affirms Galaxy's position as an operator capable of executing hyperscale AI data center development. Helios is now generating revenue across its entire 133 megawatts of IT load, and greenfield work on Phase II is already underway. The demand for high-density, AI-ready power is not a cycle; it is a structural shift, and Galaxy is built to meet it."

Helios spans more than 2,200 acres with a total approved power capacity that has expanded to 1.63 gigawatts, with the potential to scale to as much as 3.6 gigawatts. As demand for high-density, high-performance computing accelerates, access to reliable, scalable power has become the defining constraint for AI infrastructure. The additional capacity materially extends Galaxy's development runway and anchors the company's mission to build a multi-campus, multi-tenant, multi-gigawatt data center platform designed to power the next generation of AI and high-performance computing workloads.