Galaxy Digital secured ERCOT approval for 830 MW at Helios, pushing total capacity past 1.6 GW. CEO Novogratz said the approval creates a competitive moat in AI infrastructure.
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Galaxy Digital has secured ERCOT approval for an additional 830 megawatts of power at its Helios campus in West Texas, pushing total approved capacity past 1.6 gigawatts. The company said the approval is backed by actual grid integration work, contrasting with the speculative capacity figures common in the data center industry.
CEO Mike Novogratz coined a term for those inflated numbers: “bragawatts.” Announcing a multi-gigawatt pipeline is easy, he said. Actually getting the local grid operator to approve your interconnection and completing transmission upgrades is the hard part. Building contingency plans adds further complexity.
The 830 MW approval came through comprehensive Large Load Interconnection Studies with ERCOT, the grid operator for most of Texas. Novogratz framed the milestone as a competitive moat. The new capacity positions Galaxy to deliver the reliable power infrastructure that leading AI companies actually need, he said.
Construction at Helios is already underway under a multi-year lease agreement with CoreWeave, the GPU cloud provider. Initial power delivery is planned for early 2026. The site is designed for multi-tenant AI and high-performance computing workloads, meaning CoreWeave won’t be the only occupant.
Galaxy Digital started life as a crypto-focused merchant bank and investment firm under Novogratz. Its bitcoin mining operations already gave the company deep expertise in sourcing cheap power and negotiating with grid operators. The company also managed large-scale compute facilities.
Rather than simply brokering power or leasing space from third parties, Galaxy wants to own and operate the physical infrastructure itself. Owning the site and the power interconnection means Galaxy captures more of the value chain instead of paying landlord margins to someone else.
Galaxy isn’t stopping at Helios. The company is actively evaluating additional power and land opportunities across Texas and in other states, aiming to build a multi-campus infrastructure platform. The experience working through ERCOT’s interconnection process could give it a procedural edge when entering new markets.
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