Galaxy Digital delivered 133 megawatts of critical IT load to CoreWeave, completing Phase I of its Helios data center campus in West Texas, according to the company's announcement. Rent commencement under the Phase I lease began in the second quarter of 2026, and the facility is now generating revenue across its full 133 MW capacity.
The project was delivered on schedule and on budget. Galaxy is targeting 260 MW of total capacity by the first half of 2027 under Phase II, according to the announcement. The buildout is part of the company's broader infrastructure strategy, which also includes cryptocurrency mining operations alongside AI-focused compute infrastructure.
Galaxy has positioned Helios as a dual-purpose facility. The West Texas location offers access to power and real estate suitable for both mining and data center applications, with the CoreWeave lease reflecting the rising demand for GPU-intensive compute capacity driven by artificial intelligence workloads. CoreWeave operates a distributed infrastructure platform for AI and machine learning applications.
The 133 MW delivery represents Galaxy's first major buildout completion in the data center space. The company has historically operated cryptocurrency mining facilities but has increasingly diversified into infrastructure assets that serve enterprise AI customers. The timeline from initial development to Phase I revenue generation reflects the pace at which major cloud infrastructure providers are expanding capacity to meet AI compute demand.
Phase II construction is expected to reach operational status in the first half of 2027, according to Galaxy's announcement.
