CoreWeave has entered into a 15 year agreement with Galaxy Digital to host high performance compute and AI infrastructure at its Helios campus in West Texas, per recent SEC filings. CoreWeave–which raised $1.5 billion in its public offering March 28–will be the sole AI/HPC partner for Galaxy Digital.
Galaxy is scaling up its bitcoin mining business with a major expansion at its Helios campus in West Texas and a long-term move into AI infrastructure.
The Helios site, currently operating at 200 megawatts (MW), received approval in 2023 to scale up to 800 MW, with another 1.7 gigawatts under review for potential future growth.
Recognizing the rising demand for reliable data center infrastructure—driven in part by the AI boom—Galaxy has signed a 15-year lease agreement with CoreWeave, a leader in high-performance computing (HPC).
Under the deal, Galaxy will deliver 133 MW of critical IT load (utilizing 200 MW of gross power) at Helios to host CoreWeave’s AI and HPC operations.
The agreement is expected to generate $4.5 billion in revenue for Galaxy over its term, signaling a significant diversification from pure bitcoin mining to broader infrastructure services in the digital economy.
