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Cartis diligence evidence schedule

Galaxy Helios Data Center Campus

PRJ-0102 · Site · Dickens County, Texas, United States

Record last updated Oct 28, 2026

Scope and capacity

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.

Headline: 526 MW Contracted critical IT

Numbers refer to their stated physical boundaries and are not added together. Source dates, claim dates and record updates have different meanings. Missing dates and locators are not inferred.

Gross power capacity · 200 MW

Actual · Phase I (Phase)

Claim 10947 · Recorded claim type: Actual · Review: Approved · Claim date: Jul 6, 2026

Headline treatment: Phase scope; not a whole-site figure

  1. Galaxy announces second quarter 2026 financial results

    Galaxy Digital · Document date: Jul 28, 2026 · Corroborating

    Source reference: SRC-0683 · Company announcement · Recorded authority: Party primary

    Source URL

    https://investor.galaxy.com/news-releases/news-release-details/galaxy-announces-second-quarter-2026-financial-results

  2. Galaxy completes Phase I of its Helios data center campus

    Galaxy Digital · Document date: Jul 6, 2026 · Primary

    Source reference: SRC-0673 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.galaxy.com/newsroom/galaxy-completes-phase-i-of-its-helios-data-center-campus

  3. Galaxy public hearing notice

    Dickens County, Texas · Document date: May 11, 2026 · Corroborating

    Source reference: SRC-0682 · Government record · Recorded authority: Official primary

    Source URL

    https://www.co.dickens.tx.us/upload/page/1674/Galaxy%20Public%20Hearing%2051126.pdf

  4. Galaxy completes ERCOT interconnection studies and secures additional power capacity

    Galaxy Digital · Document date: Jan 15, 2026 · Corroborating

    Source reference: SRC-0678 · Company announcement · Recorded authority: Party primary

    Source URL

    https://investor.galaxy.com/news-releases/news-release-details/galaxy-completes-ercot-interconnection-studies-and-secures

  5. Galaxy closes Helios project financing

    Galaxy Digital · Document date: Aug 15, 2025 · Corroborating

    Source reference: SRC-0674 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.galaxy.com/newsroom/galaxy-closes-helios-project-financing

  6. Galaxy announces additional commitment with CoreWeave

    Galaxy Digital · Document date: Aug 15, 2025 · Corroborating

    Source reference: SRC-0677 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.galaxy.com/newsroom/galaxy-announces-commitment-with-coreweave

  7. Dickens County Chapter 312 agreement

    Texas Comptroller / Dickens County · Document date: Jan 1, 2023 · Corroborating

    Source reference: SRC-0681 · Regulatory record · Recorded authority: Official primary

    Source URL

    https://assets.comptroller.texas.gov/open-data/ch312/ch312-contact/000009782.pdf

  8. Galaxy to acquire Helios Bitcoin mining facility from Argo Blockchain

    Galaxy Digital · Document date: Dec 28, 2022 · Corroborating

    Source reference: SRC-0675 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.galaxy.com/newsroom/galaxy-to-acquire-helios-bitcoin-mining-facility-from-argo-blockchain

  9. Helios sale to Galaxy

    Argo Blockchain · Document date: Dec 28, 2022 · Corroborating

    Source reference: SRC-0676 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.argoblockchain.com/news-room/2022-december-helios-sale-to-galaxy

  10. Data centers

    Galaxy Digital · Document date: Not stated · Corroborating

    Source reference: SRC-0679 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.galaxy.com/data-centers

Critical IT capacity · 133 MW

Actual · Phase I (Phase)

Claim 10948 · Recorded claim type: Actual · Review: Approved · Claim date: Jul 6, 2026

Headline treatment: Phase scope; not a whole-site figure

  1. Galaxy completes Phase I of its Helios data center campus

    Galaxy Digital · Document date: Jul 6, 2026 · Primary

    Source reference: SRC-0673 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.galaxy.com/newsroom/galaxy-completes-phase-i-of-its-helios-data-center-campus

Planned gross power capacity · 400 MW

Planned / design or future potential · Phase II (Phase)

Claim 10949 · Recorded claim type: Actual · Review: Approved · Claim date: Jul 6, 2026

Headline treatment: Phase scope; not a whole-site figure

  1. Galaxy completes Phase I of its Helios data center campus

    Galaxy Digital · Document date: Jul 6, 2026 · Primary

    Source reference: SRC-0673 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.galaxy.com/newsroom/galaxy-completes-phase-i-of-its-helios-data-center-campus

  2. Galaxy announces additional commitment with CoreWeave

    Galaxy Digital · Document date: Aug 15, 2025 · Corroborating

    Source reference: SRC-0677 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.galaxy.com/newsroom/galaxy-announces-commitment-with-coreweave

Planned critical IT capacity · 260 MW

Planned / design or future potential · Phase II (Phase)

Claim 10950 · Recorded claim type: Actual · Review: Approved · Claim date: Jul 6, 2026

Headline treatment: Phase scope; not a whole-site figure

  1. Galaxy completes Phase I of its Helios data center campus

    Galaxy Digital · Document date: Jul 6, 2026 · Primary

    Source reference: SRC-0673 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.galaxy.com/newsroom/galaxy-completes-phase-i-of-its-helios-data-center-campus

  2. Galaxy announces additional commitment with CoreWeave

    Galaxy Digital · Document date: Aug 15, 2025 · Corroborating

    Source reference: SRC-0677 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.galaxy.com/newsroom/galaxy-announces-commitment-with-coreweave

Planned gross power capacity · 200 MW

Planned / design or future potential · Phase III (Phase)

Claim 10951 · Recorded claim type: Actual · Review: Approved · Claim date: Jul 6, 2026

Headline treatment: Phase scope; not a whole-site figure

  1. Galaxy completes Phase I of its Helios data center campus

    Galaxy Digital · Document date: Jul 6, 2026 · Primary

    Source reference: SRC-0673 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.galaxy.com/newsroom/galaxy-completes-phase-i-of-its-helios-data-center-campus

Coreweave contracted gross capacity · 800 MW

Actual · Galaxy Helios Data Center Campus (Project)

Claim 10952 · Recorded claim type: Actual · Review: Approved · Claim date: Aug 15, 2025

Headline treatment: Separate claim, not added to the headline

  1. Galaxy announces additional commitment with CoreWeave

    Galaxy Digital · Document date: Aug 15, 2025 · Primary

    Source reference: SRC-0677 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.galaxy.com/newsroom/galaxy-announces-commitment-with-coreweave

Coreweave contracted critical IT capacity · 526 MW

Actual · Galaxy Helios Data Center Campus (Project)

Claim 10953 · Recorded claim type: Actual · Review: Approved · Claim date: Aug 15, 2025

Headline treatment: Selected headline

  1. Galaxy announces additional commitment with CoreWeave

    Galaxy Digital · Document date: Aug 15, 2025 · Primary

    Source reference: SRC-0677 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.galaxy.com/newsroom/galaxy-announces-commitment-with-coreweave

Approved power capacity · 1,600 MW more than

Actual · Galaxy Helios Data Center Campus (Project)

Claim 10954 · Recorded claim type: Actual · Review: Approved · Claim date: Jan 15, 2026

Headline treatment: Separate claim, not added to the headline

  1. Galaxy completes ERCOT interconnection studies and secures additional power capacity

    Galaxy Digital · Document date: Jan 15, 2026 · Primary

    Source reference: SRC-0678 · Company announcement · Recorded authority: Party primary

    Source URL

    https://investor.galaxy.com/news-releases/news-release-details/galaxy-completes-ercot-interconnection-studies-and-secures

Long term power potential · 3,500 MW

Planned / design or future potential · Galaxy Helios Data Center Campus (Project)

Claim 10955 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

Headline treatment: Separate claim, not added to the headline

  1. Data centers

    Galaxy Digital · Document date: Not stated · Primary

    Source reference: SRC-0679 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.galaxy.com/data-centers

Coreweave lease term · 15 years

Actual · Galaxy Helios Data Center Campus (Project)

Claim 10956 · Recorded claim type: Actual · Review: Approved · Claim date: Aug 15, 2025

  1. Galaxy announces additional commitment with CoreWeave

    Galaxy Digital · Document date: Aug 15, 2025 · Primary

    Source reference: SRC-0677 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.galaxy.com/newsroom/galaxy-announces-commitment-with-coreweave

Site area · 2,200 acres more than

Actual · Galaxy Helios Data Center Campus (Project)

Claim 10957 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. Data centers

    Galaxy Digital · Document date: Not stated · Primary

    Source reference: SRC-0679 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.galaxy.com/data-centers

Counterparties and capital

AEP Texas · Utility provider · CMP-0384

Argo Blockchain · Owner · CMP-0382

CoreWeave · Customer, Tenant · CMP-0099

Deutsche Bank · Lender · CMP-0383

Electric Reliability Council of Texas · Utility provider · CMP-0366

Galaxy Digital · Developer, Operator, Owner · CMP-0381

Wind Energy Transmission Texas · Utility provider · CMP-0385

Commercial contract

$65,000,000 · Dec 28, 2022

Galaxy acquisition of Helios from Argo Blockchain.

Argo Blockchain (Other) · Galaxy Digital (Other)

Sources (2)

Financing record 46; claim-specific source links appear in the exhibit sources where published.

Debt financing

$1,400,000,000 · Aug 15, 2025

Phase I project financing led by Deutsche Bank; reported 80% loan-to-cost and 36-month tenor.

Deutsche Bank (Lender) · Galaxy Helios I LLC (Borrower)

Sources (1)

Financing record 47; claim-specific source links appear in the exhibit sources where published.

Equity investment

$350,000,000 · Aug 15, 2025

Galaxy equity contribution for Phase I financing package.

Galaxy Digital (Sponsor)

Sources (1)

Financing record 48; claim-specific source links appear in the exhibit sources where published.

Debt financing

$3,500,000,000 · Jul 28, 2026

Phase II financing through $3.5 billion of senior secured notes due 2031.

Galaxy Helios Data Centers II LLC (Borrower)

Sources (1)

Financing record 49; claim-specific source links appear in the exhibit sources where published.

This schedule captures public Cartis research. It is not a title, lien or legal-opinion report. Document page/section locators and claim review timestamps are included only when published; this version has no separate locator or claim-review-time feed.