BREAKING
Galaxy Turns Texas Mine Into AI Hub
0
acre
Helios site
0
M
acquisition price
0
acquired
Phase I Online, Revenue in Q2 2026
1
Acquire Helios
↓
2
Convert to AI
↓
3
Phase I: 133 MW
↓
4
Q2 2026 revenue
Critical IT Load Scaling Up
Phase I
133
Phase I-III
526
Approved plan
1600
The Landlord Model
Galaxy
landlord
●
Owns power and facilities
●
No GPU purchase risk
●
~90% EBITDA margin
CoreWeave
tenant
●
15-year lease
●
Sources the GPUs
●
Over $1B annual rent
Crypto Miner to AI Landlord
AI NEWS BLITZ
Galaxy has converted a former Bitcoin mining site in Texas into an AI data center for CoreWeave.