According to Galaxy Digital, the company completed Phase I power delivery at its Helios data center campus in West Texas in the second quarter of 2026, delivering 133 megawatts of critical IT load to CoreWeave under a 15-year lease. The transition marked Helios' shift from bitcoin mining to AI infrastructure operations.
Across Phases I through III, CoreWeave has committed to 526 MW of critical IT load under 15-year leases with two five-year extension options, expected to generate more than $1 billion in average annual revenue. Phase II greenfield construction is underway with data hall deliveries expected to begin in the first half of 2027.