The post Novogratz Pushes Galaxy Past Bitcoin Mining Into $1B AI Power Business appeared on BitcoinEthereumNews.com.
Key Takeaways Galaxy delivered 133 MW to Coreweave at Helios on July 6, 2026, formalizing a $1B revenue path. Coreweave has committed to 526 MW across Helios Phases I-III under a 15-year lease. Galaxy targets 3.6 GW of capacity at Helios, with Phase II data halls arriving in 2027. The site sits in Dickens County, about 60 miles from Lubbock. It started as a bitcoin mining facility built by Argo Blockchain in 2021. Galaxy bought it in late 2022 for roughly $65 million after Argo ran into financial trouble during the crypto winter. Bitcoin mining margins tightened after the April 2024 halving. Power costs rose, difficulty climbed, and artificial intelligence (AI) companies started paying more for the same electricity miners had relied on. Galaxy read the shift and moved. Coreweave signed on as anchor tenant in March 2025 under a 15-year lease. The company exercised two mor
The post Galaxy Digital delivers 133 MW to CoreWeave in Helios data center buildout appeared on BitcoinEthereumNews.com.
Galaxy Digital has reached a major milestone in its shift from cryptocurrency mining to artificial intelligence infrastructure. The company has reported that Phase I power is fully operational at its Helios data center campus in West Texas. This grants CoreWeave (CRWV) 133 megawatts of critical IT capacity through a 15-year lease, marking the site’s evolution from bitcoin mining to AI operations. Phase 1 billing starts in Q2 2026. Originally a top-tier 180 MW North American bitcoin mine, Galaxy purchased Helios in 2022 for $65 million. Galaxy has since halted crypto mining to pivot the site toward AI and high-performance computing. Galaxy’s Phase II is in its greenfield stage Phase I met both its timeline and budget targets according to Galaxy. At the start of the project, Galaxy committed $350 million in equity, with the remaining construction cost financed through
The post Galaxy Delivers 133 MW to CoreWeave AI Hub. appeared on BitcoinEthereumNews.com.
Galaxy delivered 133 MW of critical IT load to CoreWeave under a 15-year lease. Helios shifted from Bitcoin mining into a revenue-generating AI data center campus. Phase II adds 260 MW as Galaxy targets over $1B in annual revenue from Helios. Galaxy has completed the first phase of power delivery at its Helios data center campus in West Texas. The milestone provides 133 megawatts of critical IT load to CoreWeave while transforming a former Bitcoin mining facility into a revenue-generating artificial intelligence infrastructure campus. Helios Completes First Phase of AI Infrastructure Galaxy announced the completion of Phase I at its Helios data center campus by delivering 133 megawatts of critical IT load to CoreWeave. The delivery also includes approximately 200 megawatts of gross power under a 15-year lease agreement signed between both companies. The company confirmed that Phase I reached compl
Galaxy Digital finished the first phase of its Helios data center campus in West Texas on July 6, 2026, delivering 133 megawatts of critical IT load to Coreweave. The site sits in Dickens County, about 60 miles from Lubbock. It started as a bitcoin mining facility built by Argo Blockchain in 2021. Galaxy bought it […]
Galaxy delivered 133 MW of critical IT load to CoreWeave under a 15-year lease. Helios shifted from Bitcoin mining into a revenue-generating AI data center campus. Phase II adds 260 MW as Galaxy targets over $1B in annual revenue from Helios. Galaxy has completed the first phase of power delivery at its Helios data center […]
The post Galaxy Delivers 133 MW to CoreWeave as Bitcoin Mine Becomes AI Hub appeared first on Live Bitcoin News.
The post Helios Data Center in Texas Transitions to AI Hub with Major Capacity Milestone appeared on BitcoinEthereumNews.com.
The Helios data center campus in West Texas, operated by Galaxy, has achieved a crucial milestone by delivering 133 megawatts of critical IT load to CoreWeave. This transition represents a significant shift for the facility, which was initially established as a Bitcoin mining site. Continue Reading:Helios Data Center in Texas Transitions to AI Hub with Major Capacity Milestone Source: https://en.bitcoinhaber.net/helios-data-center-in-texas-transitions-to-ai-hub-with-major-capacity-milestone
The post Grid Alerts Threaten Crypto: How 100-Degree Temps Impacted Bitcoin Mining appeared on BitcoinEthereumNews.com.
Key Takeaways On June 30, the Energy Department issued emergency orders to the PJM grid to prevent blackouts. High power prices forced Bitcoin miners to curtail operations, cutting global hashrate. Investors are tracking PJM grid data and hashrate trends ahead of a mid-July heat wave from July 14–19. High Prices Trigger Miner Curtailments A record-setting heat dome that recently blanketed the eastern United States and forced the U.S. Department of Energy to issue emergency orders put the heat on bitcoin miners operating within or drawing power from the regions affected by the directive. The department’s directive authorized the PJM Interconnection to deploy additional generation units and tap backup power resources as needed. The grid operator, which serves approximately 67 million people across 13 states and Washington, D.C., recently issued hot-weather alerts as tri
Triple-digit temperatures and soaring wholesale electricity prices reportedly squeezed U.S. bitcoin mining operations. High Prices Trigger Miner Curtailments A record-setting heat dome that recently blanketed the eastern United States and forced the U.S. Department of Energy to issue emergency orders put the heat on bitcoin miners operating within or drawing power from the regions affected […]
