Galaxy Digital has delivered the first phase of its Helios data centre campus in West Texas, US, providing 133MW of critical IT load to CoreWeave under a 15-year lease agreement.
The delivery of approximately 200MW of gross power was completed on schedule, with rent for the initial lease set to begin in the second quarter of 2026.
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With the completion of the first phase, the Helios campus has shifted from a construction project to an operational, revenue-generating data centre.
The site is intended to support AI and high-performance computing applications. Galaxy Digital reported that preparations for Phase II are currently in progress, with civil and structural work advancing.
The next phase is expected to add a further 260MW of critical IT load, with the delivery of Phase II data halls anticipated to begin in the first half of 2027.
Under a series of 15-year leases, CoreWeave has committed to 526MW of critical IT load across Phases I to III at Helios, matching the full 800MW of gross power that is approved and contracted at the site.
These agreements include two five-year extension options and are expected by Galaxy Digital to generate more than $1bn in average revenue annually.
Galaxy Digital founder and CEO Mike Novogratz said: “Completing Phase I on budget and on schedule affirms Galaxy’s position as an operator capable of executing hyperscale AI data centre development.
“Helios is now generating revenue across its entire 133MW 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.”
The Helios data centre campus occupies over 2,200 acres, with approved power capacity increasing to 1.63GW and potential scalability to as much as 3.6GW.
Galaxy Digital operates in North America, Europe, the Middle East, and Asia, and is headquartered in New York.
