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 built Helios as a facility serving both mining and data center purposes. The West Texas location provides access to power and real estate suitable for both mining and data center applications, with the CoreWeave lease following increased demand for GPU-intensive compute capacity from artificial intelligence workloads. CoreWeave operates a distributed infrastructure platform for AI and machine learning applications.
The 133 MW delivery is Galaxy's first major buildout completion in the data center space. The company has historically operated cryptocurrency mining facilities but has expanded into infrastructure assets serving enterprise AI customers. Major cloud infrastructure providers are expanding capacity to meet AI compute demand at the pace shown by the timeline from initial development to Phase I revenue generation.
Phase II construction is expected to reach operational status in the first half of 2027, according to Galaxy's announcement.
