CoreWeave exercises option to access additional IT load at Helios data center

Galaxy Digital Holdings (BRPHF) earlier announced that CoreWeave (CRWV) has exercised its first option to access additional critical IT load for CoreWeave’s artificial intelligence and high-performance computing operations at Galaxy’s Helios data center campus in the panhandle region of West Texas, pursuant to terms substantially similar to those outlined in the 15-year, 133 megawatt lease agreement previously announced on March 28. Under the Phase II option agreement, Galaxy has agreed to deliver approximately 260 MW of incremental critical IT load to host CoreWeave’s AI and HPC operations at its Helios data center campus. This capacity would be structured under similar economic terms as the Phase I Agreement and would increase CoreWeave’s total contracted capacity for AI and HPC operations at the Helios data center campus to approximately 393 MW of critical IT load. In connection with Galaxy’s shift toward focusing on hosting AI and HPC data center infrastructure, Galaxy is evaluating several opportunities to monetize its remaining bitcoin mining ASICs and infrastructure. Shares of CoreWeave are up nearly 12% to $43.10 in early trading.