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Galaxy Helios Data Center Campus

Dickens County, Texas, United StatesPartially operational
Capacity
800 MW
Contracted
Lead participant
Galaxy Digital
Developer · Operator · Owner
Last updated
Aug 24, 2026
Most recent public record update

About Galaxy Helios Data Center Campus

Galaxy's Helios campus in Dickens County has delivered its first 200-MW phase to CoreWeave and is building additional phases under long-term leases. Galaxy Helios Data Center Campus is in Dickens County, TX, US and is a data center campus with partially operational status. Participants include Galaxy Digital as owner, Galaxy Digital as developer, Galaxy Digital as operator, CoreWeave as customer. Published specifications include 200 MW operating it capacity, 133 MW operating it capacity, 400 MW planned capacity. Development comprises Phase I (operating), Phase II (construction), Phase III (preconstruction). Key milestones include Phase III delivery targeted during 2028. (2028-12-31) and Additional 830 MW forecast for late 2028 or early 2029. (2029-03-31). grid interconnection — 1600 MW_more_than: Aggregate approved power capacity after additional 830-MW interconnection studies. Capital records include asset acquisition of 65000000 USD for Galaxy acquisition of Helios from Argo Blockchain. and term loan of 1400000000 USD for Phase I project financing led by Deutsche Bank; reported 80% loan-to-cost and 36-month tenor. Incentives include chapter 312 tax abatement (executed and later phase processes) for Multiple legal entities and phases appear across 2023 agreement and 2026 hearing materials.

Projects sharing a market, utility, or organization.

4 related

Capacity

Contracted
Operating capacityAn operating IT-capacity figure has not been publicly disclosed.
It Load200 MWActual · Phase I
It Load133 MWActual · Phase I
Future Potential400 MWActual · Phase II
Future Potential260 MWActual · Phase II
Future Potential200 MWActual · Phase III
Contracted Supply800 MWActual · Galaxy Helios Data Center Campus
Contracted Supply526 MWActual · Galaxy Helios Data Center Campus
It Load1,600 MWActual · Galaxy Helios Data Center Campus
Future Potential3,500 MWActual · Galaxy Helios Data Center Campus

Development

4 phases · 7 milestones
Phase IOperational

200 MW gross / 133 MW critical IT delivered to CoreWeave.

Phase IIUnder Construction

400 MW gross / 260 MW critical IT; first data halls targeted H1 2027.

Phase IIIAnnounced Or Preconstruction

200 MW gross / 133 MW critical IT.

Additional approved 830-MW trancheAnnounced Or Preconstruction

Not part of operating capacity; customer and final campus configuration not disclosed.

Dec 28, 2022
Galaxy agrees to acquire Helios from Argo
Completed
Aug 15, 2025
Galaxy closes Phase I project financing
Completed
Jan 15, 2026
Additional 830 MW clears ERCOT interconnection studies
Completed
Jul 6, 2026
Phase I completed and delivered to CoreWeave
Completed
Jun 30, 2027
First Phase II data halls targeted in H1 2027
Forecast
Dec 31, 2028
Phase III delivery targeted during 2028
Forecast
Mar 31, 2029
Additional 830 MW forecast for late 2028 or early 2029
Forecast

Infrastructure

Electric GridSecured Or Contracted

1,600 MW more than

Aggregate approved power capacity after additional 830-MW interconnection studies.

Electric GridPartially Operational

AEP Texas and WETT are identified in the transmission and interconnection delivery context.

Cooling SystemPartially Operational

Galaxy describes closed-loop liquid cooling for Helios data center buildout.

Project map

0 of 1 project point mapped
Infrastructure facts
3
Mapped records
1
Capacity figures
1

No map point available

Power & interconnection: 2Cooling & water: 1

Facts & sources

Published claims and their source links.

11 facts
Gross Power Capacity
200 MW
Actual
Critical It Capacity
133 MW
Actual
Planned Gross Power Capacity
400 MW
Actual
Planned Critical It Capacity
260 MW
Actual
Planned Gross Power Capacity
200 MW
Actual
Coreweave Contracted Gross Capacity
800 MW
Actual
Coreweave Contracted Critical It Capacity
526 MW
Actual
Approved Power Capacity
1,600 MW more than
Actual
Long Term Power Potential
3,500 MW
Actual
Coreweave Lease Term
15 years
Actual
Site Area
2,200 acres more than
Actual