{"slug": "galaxy-digitals-helios-ai-data-center-in-west-texas-advances-phase-ii-amid-to-ai", "title": "Galaxy Digital’s Helios AI data center in West Texas advances Phase II construction amid crypto-to-AI pivot", "summary": "Galaxy Digital's Helios campus in Dickens County, West Texas, has gone live as an AI and high-performance computing facility, with Phase I delivering 133 MW of critical IT load to anchor tenant CoreWeave under a 15-year lease and Phase II construction underway to add 260 MW, with data halls expected to open in the first half of 2027. Galaxy Digital closed a $1.4 billion project financing facility in August 2025 and filed a planned offering of approximately $3.5 billion in senior secured notes in July 2026 to fund the buildout, projecting over $1 billion in average annual revenue across its commitments at the campus.", "body_md": "Photo: Kristendawn\n\n# Galaxy Digital’s Helios AI data center in West Texas advances Phase II construction amid crypto-to-AI pivot\n\nThe former Bitcoin mining site now delivers 133 MW to CoreWeave, with 260 MW more on the way and $3.5 billion in new financing to fund it\n\nGalaxy Digital’s Helios campus in Dickens County, West Texas, has officially gone live as an AI and high-performance computing facility, with Phase I now operational and Phase II construction already underway. The expansion will add 260 MW of critical IT load capacity, with data halls expected to open in the first half of 2027.\n\nThe Helios campus, originally developed by Argo Blockchain in 2022, has been fully retrofitted to serve AI workloads. Galaxy Digital acquired the infrastructure and converted what was a purpose-built energy facility from cryptocurrency mining to AI compute.\n\n## From pickaxes to GPUs\n\nPhase I of the Helios campus became operational in the second quarter of 2026, delivering approximately 133 MW of critical IT load to its anchor tenant, CoreWeave. The facility draws on roughly 200 MW of gross power, with the difference between gross and critical load going to cooling, networking, and other infrastructure overhead.\n\nCoreWeave locked in a 15-year lease for the space, with rental payments that began in Q2 2026.\n\nThe campus itself sprawls across 1,500 to 2,200 acres of West Texas land. The site carries ERCOT-approved capacity exceeding 1.6 GW. CoreWeave’s total commitment across multiple phases brings the projected critical IT load to 526 MW.\n\n## Billions in financing to back the buildout\n\nGalaxy Digital closed a $1.4 billion project financing facility in August 2025 to accelerate Helios development. In July 2026, Galaxy filed a planned offering of approximately $3.5 billion in senior secured notes to fund ongoing Phase II construction and future expansion.\n\nGalaxy Digital projects over $1 billion in average annual revenue across its commitments at the Helios campus.\n\n**Disclosure:** This article was edited by Editorial Team. For more information on how we create and review content, see our\n\n[Editorial Policy](https://cryptobriefing.com/editorial-policy/).", "url": "https://wpnews.pro/news/galaxy-digitals-helios-ai-data-center-in-west-texas-advances-phase-ii-amid-to-ai", "canonical_source": "https://cryptobriefing.com/helios-ai-data-center-phase-two-construction/", "published_at": "2026-08-13 14:50:29+00:00", "updated_at": "2026-08-13 14:56:34.486186+00:00", "lang": "en", "topics": ["artificial-intelligence", "ai-infrastructure", "ai-chips"], "entities": ["Galaxy Digital", "Helios", "CoreWeave", "Argo Blockchain", "Dickens County", "West Texas", "ERCOT"], "alternates": {"html": "https://wpnews.pro/news/galaxy-digitals-helios-ai-data-center-in-west-texas-advances-phase-ii-amid-to-ai", "markdown": "https://wpnews.pro/news/galaxy-digitals-helios-ai-data-center-in-west-texas-advances-phase-ii-amid-to-ai.md", "text": "https://wpnews.pro/news/galaxy-digitals-helios-ai-data-center-in-west-texas-advances-phase-ii-amid-to-ai.txt", "jsonld": "https://wpnews.pro/news/galaxy-digitals-helios-ai-data-center-in-west-texas-advances-phase-ii-amid-to-ai.jsonld"}}