Galaxy Digital receives ERCOT OK for 830 MW at Helios

Executive Summary

• Galaxy Digital Inc. has completed the Large Load Interconnection Study (LLIS) and secured ERCOT approval for an additional 830 megawatts of power capacity at its Helios data center campus in West Texas.
• This approval doubles the campus's total approved power capacity to over 1.6 gigawatts, significantly advancing the company's position as a major developer of AI and high-performance computing (HPC) infrastructure.
• Galaxy has executed a service agreement with AEP Texas Inc. for this new capacity, with construction underway for the first phase under a long-term lease with CoreWeave, targeting initial power delivery in early 2026.

Key Details

• Capacity Increase: Secured approval for an additional 830 megawatts (MW) of computing demand.
• Total Capacity: Total LLIS-complete, ERCOT-approved, and utility-contracted power capacity at Helios is now over 1.6 gigawatts (GW).
• Regulatory Approval: Approval followed ERCOT's review of required LLIS study elements, specifically a steady-state study and a stability study.
• Utility Agreements:
  • Executed a service agreement with AEP Texas Inc. for the additional capacity.
  • Transmission interconnection provider is Wind Energy Transmission Texas LLC, which facilitated the LLIS studies.
• Construction & Timeline:
  • Construction is currently underway to support the first phase of Helios.
  • The first phase is under a long-term lease agreement with CoreWeave.
  • Initial power delivery is scheduled for early 2026.
• Strategic Positioning: The approval positions Galaxy among the largest and fastest-growing data center developers in North America, supporting multitenant partnerships and hyperscale AI data center development.
• Future Outlook: Galaxy is evaluating additional power and land opportunities in Texas and beyond to build a multicampus, multitenant, multigigawatt data center platform.
• Upcoming Earnings: Galaxy will release fourth quarter and full-year 2025 financial results before the opening of Nasdaq and the Toronto Stock Exchange on Tuesday, Feb. 3, 2026.

Notable Quotes

• "Securing this additional 830 MW approval from ERCOT is a watershed moment for Galaxy and affirms our position as an operator capable of executing hyperscale AI data centre development. The demand for high-density, AI-ready data centre capacity in Texas is unprecedented. With over 1.6 GW of power capacity now approved, we are exceptionally well positioned to grow our program and provide the reliable power infrastructure that the world's leading AI companies require." — Mike Novogratz, Founder and CEO, Galaxy Digital Inc.