Galaxy Digital

Galaxy Digital delivered its first data center hall at the Helios campus in Texas to CoreWeave under a long-term AI workload lease. The Helios facility is set to deliver 133 MW of computing power by end of Q2 2026. Galaxy secured approval for an additional 830 MW at the site, bringing total capacity to over 1.6 GW. The company's Q1 net loss narrowed to $216 million as it shifts focus toward recurring data center revenue. Revenue fell to $10.2 billion from $12.9 billion year-over-year. GCs and power infrastructure vendors should monitor this massive Texas campus expansion.

Galaxy has secured approval for over 800MW of capacity at the Helios campus in Texas, marking a significant expansion at this major data center development site. This approval demonstrates continued momentum in Texas's hyperscale data center market and reflects strong demand for large-scale computational infrastructure. The 800MW+ capacity represents a substantial investment in power infrastructure and cooling systems required to support modern AI and cloud computing workloads. This project underscores Texas's competitive advantages in data center development, including abundant power supply, favorable regulatory environment, and proximity to major tech hubs.