Compute · the Ledger · Site lease
CoreWeave leases Galaxy's Helios campus in West Texas for 15 years, growing to 526 MW of critical IT
Signed · announced 28 Mar 2025 · the week to 28 Mar 2025
- Size
- undisclosed
- Power
- 526 MW
- Term
- 15 years
Galaxy: anticipated average annual revenue of over $1B for the three phases combined; no total stated.
The parties
- Galaxy Digitalcompany pageLandlord
- CoreWeavecompany pageTenant
The source
Galaxy Digital 8-K Ex. 99.2 (Q2 2025 overview), 2025-08-05Regulatory filing
Initial 15-year, 133 MW lease (2025-03-28); CoreWeave exercised Phase II (260 MW, April 2025) and Phase III (133 MW, August 2025) options. Galaxy financed Phase I with a $1.4B Deutsche Bank term loan at SOFR (2.50% floor) + 4.75% (8-K 2025-08-15).
The same parties, other deals
- Jane Street commits ~$6B to CoreWeave's AI cloud and buys $1B of CoreWeave stock at $109.00$6B · 15 Apr 2026
- Meta signs a new CoreWeave order form; Meta's initial commitment is ~$21B through December 20, 2032$21B · 9 Apr 2026
- CoreWeave closes $8.5B DDTL 4.0, rated A3/A (low), to finance GPU servers for a customer contract$8.5B · 31 Mar 2026
- Nvidia buys $2B of CoreWeave Class A stock at $87.20 per share; companies sign a 5 GW buildout framework$2B · 26 Jan 2026
- Meta commits up to ~$14.2B through December 14, 2031 for CoreWeave cloud capacity$14.2B · 30 Sept 2025
- OpenAI commits up to ~$6.5B more through May 31, 2031 in a new CoreWeave order form$6.5B · 25 Sept 2025