src=”https://cdn.bankless.com/posts/full/2026-04-28/galaxy-digital-delivers-first-ai-data-center-at-helios-campus-featured-image-69f0d825904a3d0001fc355c.jpg?class=articlebody” alt=”Galaxy Digital Delivers First AI Data Center at ‘Helios’ Campus” />
Galaxy Digital, a major player in the digital asset space, has officially handed over its first converted data center hall at the Helios campus in West Texas. This significant milestone marks a successful pivot for the company into AI infrastructure, setting the stage for substantial new revenue streams.
Key Takeaways
- First AI Data Center Delivery: Galaxy Digital has successfully delivered its inaugural data center hall at the Helios campus to CoreWeave, a leading AI hyperscaler.
- New Revenue Stream: This delivery is expected to generate over $1 billion in revenue for Galaxy Digital through a long-term AI compute lease anticipated to last 15 years.
- Strategic Infrastructure Pivot: The Helios campus, acquired for approximately $65 million in December 2022 as a former Bitcoin mining facility, has undergone a transformation into an AI-ready data center. This transition was supported by a $1.4 billion project financing facility secured in 2025.
- Financial Performance: In its Q1 2026 earnings report, Galaxy Digital recorded a net loss of $216 million, largely due to market fluctuations affecting its digital asset holdings. However, the digital asset segment achieved an adjusted gross profit of $49 million, with trading volumes remaining stable despite a broader industry downturn. The operational Helios campus is projected to begin generating high-margin revenue uncorrelated with crypto markets in the upcoming quarter.
Potential Value Analysis
The strategic advantage of the Helios campus lies in its pre-existing infrastructure and power access. With 1.6 gigawatts of power capacity already available, Galaxy Digital bypasses the lengthy delays and community opposition often associated with building new data centers. This ready access to power is proving more valuable than traditional Bitcoin mining infrastructure in the current compute-hungry era. The lease agreement with CoreWeave, a major AI compute provider, underscores the immense demand and potential profitability of this infrastructure pivot. The $1 billion+ revenue stream over 15 years represents a significant, stable income source for Galaxy Digital, diversifying its business model beyond crypto market volatility.
Nearly half of US data centers planned for this year are expected to be delayed or canceled. Lead times for power and infrastructure have stretched past five years. Against that backdrop, our Helios data center campus in West Texas is delivering: First data hall delivered to…
Information compiled from materials : www.bankless.com