Galaxy Digital Inc. has received approval from the Electric Reliability Council of Texas (ERCOT) for an additional 830 megawatts of computing demand at its Helios data center campus in Dickens County, West Texas. The approval follows the completion of Large Load Interconnection Studies (LLIS) and includes a service agreement with AEP Texas Inc., with Wind Energy Transmission Texas facilitating the interconnection studies.. Texas is one of the states leading in the race to attract data center investment in the USA.

The new approval doubles Helios’s previously approved power capacity, bringing the total LLIS-complete, ERCOT-approved, and utility-contracted capacity at the campus to over 1.6 gigawatts. Construction is already underway for the first phase under a long-term lease agreement with CoreWeave Inc., with initial power delivery expected in early 2026.

Helios Campus Overview

The Helios data center campus spans more than 1,500 acres and is being transformed from one of the world’s largest Bitcoin mining sites into a premier hub for AI and high-performance computing (HPC) workloads. Originally developed by Argo Blockchain in 2021, the site was acquired by Galaxy Digital in late 2022 for approximately $65 million.

The campus features infrastructure designed for extreme density, with rack densities between 130 and 140 kW and low-latency connectivity, including round-trip times to Dallas under 15 milliseconds. CoreWeave has committed to the campus’s entire initial 800 MW of approved capacity through a long-term agreement, providing a strong anchor tenant as the campus scales.

Expansion, Financing, and Strategic Significance

Galaxy previously secured a $1.4 billion project financing facility and contributed $350 million in equity to accelerate Helios’s development and retrofit. With the latest ERCOT approval, the campus has the potential to scale to 3.5 GW of total power capacity at full buildout, positioning Helios among the largest AI data center campuses globally.

Mike Novogratz, Galaxy’s CEO, said, “Securing this additional 830 MW approval from ERCOT is a watershed moment for Galaxy. With over 1.6 GW of power now approved and a committed anchor tenant in CoreWeave, we are exceptionally well-positioned to grow our program and provide the reliable infrastructure that AI companies require.”

Regional and Industry Impact

The Helios campus is a key part of what industry analysts are calling the “West Texas Data Crescent”, a growing cluster of large-scale data center developments. The project is expected to generate over $1 billion in average annual revenue for Galaxy while providing high-tech jobs and tax revenue to the local Spur, Texas community.

Galaxy is also exploring additional land and power opportunities in Texas and across the U.S., applying lessons from Helios to develop scalable, AI-ready infrastructure for future multi-tenant, hyperscale computing projects.

Galaxy’s Helios expansion in West Texas reflects the rapid growth of AI and high-performance computing data centers in the state. Similar momentum is underway at Greyhound A Solar project in West Texas, where meta has signed a long-term power purchase agreement with Origis Energy. In South Texas, Project Kati 1 is under construction with 83 MW of capacity and Kati 2 will add a larger, renewable-powered, high-density AI facility. Complementing these developments, Vantage Data Centers’ $25 billion Frontier Campus in Shackelford County is being built to deliver 1.4 GW of hyperscale AI compute across 10 ultra-high-density buildings, with the first phase expected online in 2026. Together, these projects illustrate Texas’ emergence as a leading hub for renewable-powered, multi-gigawatt AI and HPC infrastructure.

Read also: Joule Inks Deal to Power Utah’s Largest, and Most Advanced Data Center Campus

Galaxy Digital Helios AI Data Center in Texas: Project Factsheet

Project Overview

Location: West Texas

Developer: Galaxy Digital Inc.

Primary Customer: CoreWeave Inc.

Project Type: AI and High-Performance Computing (HPC) Infrastructure

Financial Structure

Total Project Financing: $1.75 Billion

Debt Financing: $1.4 billion

Structure: 80% loan-to-cost

Term: 36 months

Security: All assets tied to Helios first-phase buildout

Equity Contribution: $350 million (Galaxy Digital)

Revenue Projections

Expected Annual Revenue: $1+ billion average over 15 years

Revenue Source: Long-term supply agreement with CoreWeave

Assumption: Full utilization of agreed IT load capacity

Technical Specifications

Phase 1 Capacity

Committed Capacity: 1.6 gigawatts

Customer: CoreWeave Inc. (full capacity commitment)

Workload Type: AI and HPC computing

Future Expansion Potential

Additional Capacity Under Study: 2.7 gigawatts

Maximum Buildout Potential: 3.5 gigawatts total

Strategic Position: Among world’s largest AI datacenter campuses

Project Timeline

Initial Power Delivery: Early 2026

Contract Duration: 15-year long-term supply agreement

Current Status: Construction phase with secured financing

Additional capacity approval: Jan 2026

Read also: Turner & Wohlsen Construction Selected for $6 Billion CoreWeave Data Center, Pennsylvania