Apr 22, 2025 | Posted by Abdul-Rahman Oladimeji
Galaxy Digital Holdings Ltd. this week announced that CoreWeave has exercised its first option to access an additional 260MW of critical IT capacity at the former’s Helios data center campus.
"This Phase II commitment with CoreWeave marks another major step in Galaxy's evolution as a trusted partner for the next generation of data center infrastructure," said Mike Novogratz, founder and CEO of Galaxy. "New and advanced digital infrastructure is already rapidly reshaping industries and opening new opportunities. Diversifying our business across blockchain, crypto and AI allows us to maximize cash flow and deliver greater value to shareholders. CoreWeave has been a fantastic partner throughout this process."
CoreWeave initially signed on to lease 133MW of critical load (200MW total), which is set to be delivered in phases out to the end of H1 2026. Work is underway to convert the 126,000-square-foot (11,705 sqm) data center from Bitcoin operations to AI and HPC uses. CoreWeave also retains exclusivity to enter into a further agreement to access up to an additional 133MW at the site.