Galaxy Digital Holdings (BRPHF, Financial) has announced that CoreWeave (CRWV) exercised its initial option to expand its access to important IT load for artificial intelligence and high-performance computing (HPC) operations at Galaxy’s Helios data center campus located in West Texas. This move aligns with the terms set forth in the 15-year, 133 megawatt lease agreement declared earlier this year on March 28.
Under the second phase of this agreement, Galaxy Digital is set to provide roughly 260 megawatts of additional critical IT load for CoreWeave's AI and HPC activities at the Helios facility. This extension follows the economic conditions similar to those of the first phase, thereby raising CoreWeave's total contracted capacity for AI and HPC ventures at the Helios campus to approximately 393 megawatts of critical IT load.
In tandem with this strategic focus on AI and HPC hosting, Galaxy Digital is exploring options to divest its remaining bitcoin mining ASICs and related infrastructure to better align with its evolving business priorities. Early trading saw CoreWeave’s stock price rise nearly 12%, reaching $43.10, reflecting investor confidence in the expanded collaboration.
