Galaxy Energy delivered 133 MW of AI compute infrastructure capacity to CoreWeave's Texas campus, bringing a major hyperscaler GPU cloud online.

Galaxy Digital Inc. (Nasdaq: GLXY) announced on July 6, 2026 that it has completed delivery of the first phase of power at its Helios data center campus in West Texas, delivering approximately 200 megawatts of gross power—133 MW 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 on Phase II is underway, encompassing 260 MW 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 MW of critical IT load—the full 800 MW of gross power currently approved and contracted at Helios—under 15-year leases that include two five-year extension options and are expected to generate more than $1 billion in average annual revenue.

"Completing Phase I on budget and on schedule affirms Galaxy's position as an operator capable of executing hyperscale AI data center development," said Mike Novogratz, Founder and CEO of Galaxy. "Helios is now generating revenue across its entire 133 MW 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 remains a cornerstone of Galaxy's long-term data center strategy. Spanning more than 2,200 acres, the campus's total approved power capacity has expanded to 1.63 gigawatts, with the potential to scale to as much as 3.6 GW. As demand for high-density, high-performance computing accelerates, access to reliable, scalable power has become the defining constraint for AI infrastructure, and the additional capacity materially extends Galaxy's development runway, anchoring 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.