Cryptoming Galaxy Digital Holdings has transformed the leading Cryptomine data center in West Texas to host the Coreave provider of artificial intelligence.
Galaxy entered a 15 -year lease agreement with Coreave. Under the terms of the deal, Galaxy 133 MW of critical information technology download (total 200 megawatts) to host artificial intelligence in Coreave (AI) and high -performance computing infrastructure (HPC) on the campus of the former Helios Data Center in the Panhandle area in West Texas.
As part of the conversion process, Galaxy will remove encrypted devices from the site.
Galaxy announced for the first time an agreement with an unprecedented premature return in November 2024, which was now unveiled in the name of Coreove. The capacity will be delivered in stages, but 133 MW by the end of 2026. For 15 years, Galaxy expects to generate about $ 4.5 billion of total revenue.
In a profit call, Christopher Ferraro, chief investment official in Galaxy, said that the company has already started selective demolition of the 126,000 square feet data center (11,705 square meters) and will start separating mining machines in the second quarter. He added that the company “will continue to explore the creative structures” to achieve the liquefaction of its remaining fleet from the A6.
He said: “We are building the first stage and future stages to the real repetition of the third level n+1 across all systems.”
Ferrao added that in addition to the contracted capacity, the company obtained Ercot’s approval of an additional 600 megawatts of the total energy capacity on the campus, which Coreave has a choice. It is also planned for more expansion.
“In addition to 800 megawatts of the total power capacity that we have already agreed to, we have an additional 1.7 gigawatts under different stages of studying pregnancy in Helios, which we expect part of part of the next few months,” he said.
Galaxy describes itself as a digital asset company and Blockchain; Its offers include trading, lending, strategic advisory services, institutional investment solutions, bitcoin hosting services, network verification services, and the development of self -needs technology.
After Copeft Groud in July 2021, the 160 acres in May 2022 began. Galaxy acquired the Data Center, located in Dickens, from Argo Blockchain in late 2022 for about $ 65 million. As part of the deal, the two companies signed a two -year hosting deal. He sold argos facility to Pay her debts Amidst the possibility Bankruptcy.
Regardless of Helios, Galaxy Mining crashed into its Texas encryption facility again in 2022 of the date of Go -Leive 2023 – although its current position is unclear. Galaxy recently reached $ 200 million colony With New York Public Prosecutor for his participation in the strengthening of the failed Luna cryptocurrency.
Coreweave, which recently joined NasdakIt was established in 2017 as an encryption company, but it now provides access to graphics processing units for artificial intelligence applications. Proverbs of Microsoft, Openai and IBM are customers.
At the end of 2024, the company said it has 32 data centers operating more than 250,000 graphics processing units in total and more than 360 MB of active energy. It has 10 new data centers planned over 2025 and a total of 1.3 GB of energy contracted.
Besides Self -buildingThe American Data Center who serves Coreweave includes Lincoln, dryand FlexibleTierPoint, Digital Realty, Switch and Core Scientific. In Europe, Coreweave is located in Bulk, Global Switch, Ecodatacenter, Digital Realty and Edgeconnex.
Galaxy is the latest company that focuses on encryption you are looking for Axis for artificial intelligence data centers Amid the increased demand for the available capacity. Proverbs of Hive Digital Technologies, Northern Data, Applied Seamatic, Iris Energy, Mawson infrastructure, Crusoe, and others a few who have made this transformation.
Core Scientific has also been set to rent hundreds of MEGawatts from the capabilities to Coreave, another company Cryptomine facilities To host graphics processing units.
