Galaxy Digital Unveils Phase I of Helios Data Center, Marking a Major Milestone in AI Infrastructure Development

Galaxy Digital Unveils Phase I of Helios Data Center

In a significant advancement for AI infrastructure, Galaxy Digital Inc. has announced the completion of the first phase of its Helios data center campus located in West Texas. This milestone was marked by the successful delivery of approximately 200 megawatts (MW) of gross power, with 133 MW allocated for critical IT load under a lease agreement with CoreWeave that spans 15 years. The completion of this phase transforms Helios from a construction site into an operational, revenue-generating facility tailored for AI workloads.

As 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." This essential transition showcases Galaxy's expertise in developing and delivering high-performance computing infrastructure that meets the rising demand for AI capabilities.

Continuing Development

With Phase I now operational, Galaxy is not resting on its laurels. Construction on Phase II is progressing well, aiming for a total of 260 MW critical IT load. Civil and structural work is moving ahead, and delivery of data halls for this phase is expected to commence in the first half of 2027. Overall, CoreWeave has already signed commitments for a total of 526 MW across all phases, illustrating a strong demand for reliable AI-ready power.

The Helios campus boasts a total approved power capacity that has now expanded to 1.63 gigawatts (GW), with long-term scalability options up to 3.6 GW. This capability is crucial as the need for high-density, high-performance computing continues to grow, highlighting the importance of dependable and scalable power supply for AI infrastructure.

Market Position and Future Outlook

Galaxy Digital is not only leading in the operational execution of data centers but is also strategically positioning itself for long-term success in the rapidly evolving AI landscape. The company’s mission to create a robust multi-campus, multi-tenant, multi-gigawatt data center platform is informed by an understanding of the current shifts in technology needs. As they move forward, the focus remains on meeting the growing requirements for advanced AI and high-performance computing workloads.

With the successful completion of Phase I and the rapid development of Phase II, Galaxy Digital is set to maintain its competitive edge and further enhance its standing as one of North America's leading data center developers. The company's proactive approach to expanding infrastructure is expected to generate significant revenue—projected at over $1 billion in average annual revenue from the contracts established with CoreWeave.

In summary, the completion of Phase I of the Helios data center not only marks a vital step in Galaxy's infrastructure growth but also represents a broader trend in the industry towards developing sophisticated environments that support next-generation AI applications. As they continue to build out their campus and meet the increasing demands of the tech landscape, Galaxy Digital is solidifying its role as an indispensable player in the future of technology-driven solutions.