Galaxy Helios Data Center Campus
- Contracted critical IT
- 526 MW
- Updated
- Oct 28, 2026
- Utility
- AEP Texas · Electric Reliability Council of Texas · Wind Energy Transmission Texas
Galaxy’s October 27, 2026 results said Helios I Phase II was fully financed and under construction, with data-hall deliveries scheduled to begin in the second quarter of 2027. The separately delivered 133 MW of Phase I critical IT capacity is unchanged; Phase II delivery remains a forecast. Galaxy's Helios campus in Dickens County has delivered its first phase to CoreWeave, with the issuer reporting 133 MW of delivered critical IT load, 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.
Capacity
Planned gross power capacity
Planned / design or future potential400 MW
Phase II · Phase
Phase scope; not a whole-site figure
SourcePlanned critical IT capacity
Planned / design or future potential260 MW
Phase II · Phase
Phase scope; not a whole-site figure
SourcePlanned gross power capacity
Planned / design or future potential200 MW
Phase III · Phase
Phase scope; not a whole-site figure
SourceOperating IT capacity: Not established in published records
A missing figure does not mean zero. Planned, utility and generation figures are not operating IT capacity.
Development
200 MW gross / 133 MW critical IT delivered to CoreWeave.
400 MW gross / 260 MW critical IT; first data halls targeted H1 2027.
200 MW gross / 133 MW critical IT.
Not part of operating capacity; customer and final campus configuration not disclosed.
Milestones (7)
Dec 28, 2022 · Recorded actual event
Completed · Land acquired
Source not linkedAug 15, 2025 · Recorded actual event
Completed · Financing
Source not linkedJan 15, 2026 · Recorded actual event
Completed · Permit approved
Source not linkedJul 6, 2026 · Recorded actual event
Completed · Commercial operation
Source not linked2027 · Forecast / planned record
Forecast · Commercial operation
Source not linked2028 · Forecast / planned record
Forecast · Commercial operation
Source not linked2029 · Forecast / planned record
Forecast · Energized
Source not linkedParticipants
Owner
Sources by role
Owner (1)
- Galaxy to acquire Helios Bitcoin mining facility from Argo Blockchain · Dec 28, 2022 · Primary
Owner (1)
- Helios sale to Galaxy · Dec 28, 2022 · Corroborating
Customer · Tenant
Sources by role
Customer / Tenant (1)
- Galaxy completes Phase I of its Helios data center campus · Jul 6, 2026 · Primary
Customer / Tenant (1)
- Galaxy announces additional commitment with CoreWeave · Aug 15, 2025 · Corroborating
Developer · Operator · Owner
Sources by role
Developer / Operator / Owner (1)
- Galaxy completes Phase I of its Helios data center campus · Jul 6, 2026 · Primary
Developer / Owner (1)
- Galaxy announces additional commitment with CoreWeave · Aug 15, 2025 · Corroborating
Operator (1)
- Data centers · Corroborating
Other participants (4)
Utility provider
Sources by role
Utility provider (1)
- Galaxy completes ERCOT interconnection studies and secures additional power capacity · Jan 15, 2026 · Primary
Lender
Sources by role
Lender (1)
- Galaxy closes Helios project financing · Aug 15, 2025 · Primary
Utility provider
Sources by role
Utility provider (1)
- Galaxy completes ERCOT interconnection studies and secures additional power capacity · Jan 15, 2026 · Primary
Utility provider
Sources by role
Utility provider (1)
- Galaxy completes ERCOT interconnection studies and secures additional power capacity · Jan 15, 2026 · Primary
Capital & incentives
Financing records
Commercial contract
$65mDec 28, 2022
Galaxy acquisition of Helios from Argo Blockchain.
Parties & sources
Argo Blockchain (Other) · Galaxy Digital (Other)
Sources (2)
- Galaxy to acquire Helios Bitcoin mining facility from Argo Blockchain · Dec 28, 2022
- Helios sale to Galaxy · Dec 28, 2022
Debt financing
$1.4bnAug 15, 2025
Phase I project financing led by Deutsche Bank; reported 80% loan-to-cost and 36-month tenor.
Parties & sources
Deutsche Bank (Lender) · Galaxy Helios I LLC (Borrower)
Sources (1)
- Galaxy closes Helios project financing · Aug 15, 2025
Equity investment
$350mAug 15, 2025
Galaxy equity contribution for Phase I financing package.
Parties & sources
Galaxy Digital (Sponsor)
Sources (1)
- Galaxy closes Helios project financing · Aug 15, 2025
Debt financing
$3.5bnJul 28, 2026
Phase II financing through $3.5 billion of senior secured notes due 2031.
Parties & sources
Galaxy Helios Data Centers II LLC (Borrower)
Sources (1)
- Galaxy announces second quarter 2026 financial results · Jul 28, 2026
Incentives
Property tax abatement
Executed · Dickens County, Texas
Multiple legal entities and phases appear across 2023 agreement and 2026 hearing materials.
Site & development
Additional project facts
Infrastructure & permits
Technical details (3)
Secured or contracted
1,600 MW more than
Aggregate approved power capacity after additional 830-MW interconnection studies.
Partially operational
AEP Texas and WETT are identified in the transmission and interconnection delivery context.
Partially operational
Galaxy describes closed-loop liquid cooling for Helios data center buildout.
Project map
Public-source research. Plans may change. See Evidence for sources and qualifications.
Related projects (4)
Partially operational · Denton, Texas, United States
Shared participant: CoreWeave · Same market: Texas, United States
Compare in a collectionPreconstruction · Texas, United States
Shared participant: Galaxy Digital · Same market: Texas, United States
Compare in a collectionPreconstruction · McGregor, Texas, United States
Shared participant: Galaxy Digital · Same market: Texas, United States
Compare in a collectionPreconstruction · Texas, United States
Shared participant: Galaxy Digital · Same market: Texas, United States
Compare in a collection