Galaxy completes Helios Phase I, expanding AI data center capacity and revenue
Jul 6, 2026, 4:37 PM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting
milestone-driven progress at Helios reduces execution risk and supports a scalable revenue model; catalyst could attract investment interest on visibility into 2027 Phase II ramp and >$1B annual revenue potential, though valuation remains sensitive to capex cadence and tenancy retention.
AI summary
What happened, with direct paths to the underlying reporting
Galaxy Digital announced Phase I completion at Helios in West Texas, delivering 133 MW of critical IT load and initiating Phase I rent in Q2 2026. With Phase II underway and total Helios capacity at 1.63 GW (potential to 3.6 GW), Galaxy strengthens its hyperscale AI infra platform and long-term revenue runway.
Galaxy completes Phase I of Helios data center; 133 MW IT load delivered.
Phase I rent commences in Q2 2026; Phase II underway.
Helios capacity expands to 1.63 GW; potential up to 3.6 GW.
Phase II data halls due H1 2027; 526 MW total IT load across Phases I-III.
Leases total 800 MW gross power over 15 years with extensions; >$1B annual revenue.
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