Helios, located in West Texas, has transformed from a bitcoin mining site into an operational AI data center, with its first data hall now delivered to CoreWeave. This move is part of a broader strategy by Galaxy to pivot its infrastructure, fully transitioning from cryptocurrency mining to supporting AI workloads. The Helios campus has been approved to handle up to 1.6GW of capacity, making it one of the largest of its kind in North America, and is now generating cash flow from the lease with CoreWeave.

Galaxy: Galaxy is a global leader in digital assets that has pivoted into data center infrastructure for AI applications. It owns and develops the Helios campus, where it delivered the first operational AI data hall to CoreWeave, marking the start of cash flow from this new business line. The firm emphasizes its team’s execution capabilities amid broader industry delays in data center projects.
Helios: Helios is Galaxy’s data center campus in West Texas, originally a bitcoin mining facility repurposed for AI and high-performance computing workloads. The campus has become operational as an AI data center with the delivery of its first data hall to CoreWeave. It represents one of the largest such developments in North America.
CoreWeave: CoreWeave is a cloud computing platform providing GPU-optimized infrastructure for AI training and inference, trusted by leading AI labs and enterprises. It serves as the anchor tenant at Galaxy’s Helios campus under a long-term lease agreement. The company recently received delivery of the first data hall at Helios to support its AI compute expansion.

Revenue Generation: Galaxy’s AI data center operations at Helios are now producing cash flow from the CoreWeave lease.
Strategic Expansion: Galaxy is advancing additional data center sites beyond Helios into letter-of-intent stages.
Infrastructure Pivot: Helios campus has fully transitioned from bitcoin mining to hosting AI workloads following the first tenant delivery.