Afton, near Spur, Dickens County, TX
Helios campus (Galaxy)
Why this stage: Per SEC filing. Galaxy says it delivered Phase I, 133 MW of critical IT, to CoreWeave during Q2 2026. Government records reach the permitted stage: state generator authorization, state construction registrations and a county tax abatement with CoreWeave.
- Owner or developer
- Galaxy Digital (Galaxy Helios I LLC and Galaxy Helios II LLC)
- CoreWeave's role
- Tenant under a 15-year lease
- Link to CoreWeave
- “Galaxy completed delivery of the first phase of power at its Helios data center campus in West Texas, delivering 200 MW of gross power, 133 MW of critical IT load, to CoreWeave under the Company's 15-year lease agreement.” Galaxy Digital Form 8-K
- Announced capacity
- 526 MW. “CoreWeave has leased 526 MW of critical IT capacity, generating anticipated average annual revenue of over $1B for the combined three phases” Galaxy Digital Form 8-K
- Stated timing
- “Phase II: 260 MW, Q2 2027 initial rent commencement. Phase III: 133 MW, 2028 initial rent commencement.” Source
| Date | Record | What it shows | Source |
|---|---|---|---|
| February 18, 2025 | Texas TDLR registrationTexas Department of Licensing and Regulation · TABS2025012175 | Registers Helios Light Speed: a 136,057 square foot data center and a water treatment building at 984 County Road 112, estimated at $800 million, with completion set for June 30, 2026. The tenant is not named.Status: Review complete | Record |
| May 21, 2025 | Air permitTexas Commission on Environmental Quality · Standard Permit Registration 179090 | Authorizes emissions for 121 emergency diesel generators for Galaxy Helios I at 984 County Road 112. These are backup units.Status: Authorized to 2035. Read from a copy hosted by a third party, not yet confirmed in TCEQ's own system. | Record |
| December 8, 2025 | Tax abatementDickens County Commissioners Court · Minutes, December 8, 2025, item 8 | After a public hearing, the court approved a tax abatement agreement with CoreWeave. The minutes give no term, value or megawatts.Status: Approved unanimously | Record |
| March 13, 2026 | Texas TDLR registrationTexas Department of Licensing and Regulation · TABS2026014893 | Registers Helios 3, a 349,594 square foot data center at 1003 FM 193, estimated at $1.3 billion, with completion set for August 29, 2027. A sister registration covers Helios 2 at $900 million. Tenants are not named.Status: Review complete | Record |
| June 8, 2026 | Tax abatementDickens County Commissioners Court · Minutes, June 8, 2026 | Hearing on proposed abatements for Galaxy Helios II and III and for CoreWeave Phase II and Phase III.Status: Public hearing held. No approval vote found in minutes through August 10, 2026. | Record |
| August 5, 2026 | SEC filingGalaxy Digital, Form 8-K · 0001859392-26-000084 | Galaxy says Phase I delivered 133 MW of critical IT to CoreWeave and construction began on the 260 MW Phase II. It describes 526 MW leased to CoreWeave across three phases on a campus with about 1.6 GW of approved power.Stated capacity: “delivering 200 MW of gross power, 133 MW of critical IT load, to CoreWeave”Status: Phase I delivered, per landlord | Record |
Unverified: not found in online records
- No grid operator or utility record of the campus's power approvals was found. The 1.6 GW figure is the landlord's statement.
- The county abatement agreements are not posted, so their terms are unknown.
- The Phase II state construction registrations name no tenant, and Galaxy says part of the approved capacity is not yet leased.

