CoreWeave exercises 260 MW Helios Phase II option
CoreWeave exercised its option for about 260 MW more critical IT load at Galaxy's Helios campus on 15-year terms, with deliveries from 2027.
What the value means
Minimum contracted lease payments for Phase II per Galaxy's July 2026 note-offering deck ($675 million annual base revenue). Galaxy funded construction with $3.507 billion of 9.875% notes due 2031 (July 2026).
The record
Verified 9 Nov 2026- Announced
- Buyer
- CoreWeave
- Seller / provider
- Galaxy Digital
- ValueHeadline dollar value exactly as stated in the cited source.
- 10,400,000,000 USD
- Capacity
- 0.26 GW
- Accelerators
- Not disclosed
- Chips
- Not named
- Term
- 15 years
- StatusAdds to an existing relationship
- expanded
- Other parties
- None named
- Deal type
- datacenter-lease, neocloud, sec-filing
Sources
2- Galaxy Q1 2025 results, 8-K (SEC) read 2026-11-09
- Galaxy Helios Data Centers II investor presentation, July 2026, 8-K (SEC) read 2026-11-09
Cite this deal
AI Compute Deals, “CoreWeave exercises 260 MW Helios Phase II option”, https://aicomputedeals.com/coreweave-galaxy-helios-phase2-2025-05/ (verified 2026-11-09).
Data under CC BY 4.0. Download the full ledger.
The rest of this relationship
3 rows- CoreWeave takes the rest of Helios (526 MW critical IT in total) 0.133 GW signed
- CoreWeave exercises 260 MW Helios Phase II option $10.4B expanded
- CoreWeave–Galaxy Digital 15-year, 133 MW Helios lease 0.133 GW expanded
Every deal for CoreWeave and Galaxy Digital.