CoreWeave’s November 7 letter to Texas Governor-elect Gina Hinojosa names six places with active CoreWeave facilities in the state: Austin, Denton, Dickens County, Plano, Richardson and Round Rock, as we reported. The letter gives a company-wide total of about 4.2 gigawatts of contracted power, but no figure for each Texas site.
Partner releases fill in two of the six. By our arithmetic from those releases, the Dickens County and Denton sites account for about 786 megawatts of critical IT load committed to or contracted by CoreWeave, roughly 19% of the 4.2 gigawatts in the letter. We found no megawatt figure in a primary source for Plano, Richardson or Round Rock.
Business Pill · Concentration
An evergreen Business Engineer explainer on concentration. It teaches the general idea only and does not discuss CoreWeave or Texas.
The key insight: Partner releases put about 786 megawatts of critical IT load at two of the six Texas places in CoreWeave’s November 7 letter, Dickens County (Galaxy’s Helios, 526 MW committed) and Denton (Core Scientific, about 260 MW), roughly 19% of its about 4.2 gigawatts of contracted power by our arithmetic.
Galaxy’s own data centre page says its Helios campus is in the panhandle region of West Texas and describes its community work in Spur, “a city in Dickens County, Texas”. On July 6, 2026, Galaxy said it had completed the first phase at Helios, delivering about 200 megawatts of gross power, “133 MW of critical IT load”, to CoreWeave under a 15-year lease.
Galaxy said that across Phases I through III, “CoreWeave has committed to 526 MW of critical IT load”, the full 800 megawatts of gross power approved and contracted at Helios. It said Phase II, 260 megawatts of critical IT, is under construction, with data hall deliveries expected to start in the first half of 2027.
CoreWeave’s Texas sites with a megawatt figure in a partner release, against the about 4.2 gigawatts of contracted power in CoreWeave’s November 7 letter. Helios (Dickens County): 526 MW of critical IT committed, 133 MW delivered, per Galaxy (6 Jul 2026). Denton: about 260 MW of critical IT, per Core Scientific (26 Feb 2025). The 786 MW total and the 19% share are our arithmetic; partner figures are critical IT load and CoreWeave’s figure is its own contracted-power measure.
What Was Posted on X
CoreWeave $CRWV just said it sent this letter to Texas Governor-elect Gina Hinojosa today
Stock Market News posted images of a letter it said CoreWeave sent to Texas Governor-elect Gina Hinojosa. As we reported, the letter names six Texas places with active CoreWeave facilities; this piece adds the megawatt figures that partner releases give for two of them.
Denton: Core Scientific
On February 26, 2025, Core Scientific said a new agreement added 70 megawatts of contracted power at its Denton, Texas site for CoreWeave, which “increases the full critical IT load to approximately 260 MW”. Core Scientific said the agreement brought CoreWeave’s total contracted infrastructure with it to about 590 megawatts across six sites.
Austin and Plano
In March 2024, Core Scientific announced a multi-year contract to supply CoreWeave up to 16 megawatts of data centre infrastructure, and said it was leasing an Austin, Texas data centre formerly used by Hewlett Packard. The release does not say in so many words that the 16 megawatts sit at that Austin building, so we do not count them in our total.
For Plano, the City of Plano published CoreWeave’s July 2023 announcement of a “$1.6 billion data center”, which it called CoreWeave’s first facility in Texas, describing a 450,000 square foot facility. That release gives no megawatt figure. We found no primary source with a figure for Richardson or Round Rock.
Our Numbers
By our arithmetic, Helios’s 526 megawatts and Denton’s roughly 260 megawatts add up to about 786 megawatts, roughly 19% of the about 4.2 gigawatts of contracted power in CoreWeave’s letter. Galaxy’s 133 megawatts delivered at Helios is about 25% of the 526 megawatts committed there.
These are partner figures for critical IT load, given at different dates. CoreWeave’s 4.2 gigawatt figure is its own measure of contracted power, which may not be counted the same way, so the share is an approximation. Three of the six Texas places in the letter have no megawatt figure in the sources we read.
As we read the releases, both Texas sites with a figure belong to partners: Galaxy leases Helios to CoreWeave for 15 years, and Core Scientific contracts capacity to it at Denton.
As we read Galaxy’s release, most of the Helios commitment is still to be built: 133 MW of 526 MW is delivered, and Galaxy expects Phase II deliveries to start in the first half of 2027.
As we read the gaps, three of the six Texas places in the letter, Plano, Richardson and Round Rock, have no megawatt figure in the sources we read, so the Texas share could be higher.
Galaxy, July 6, 2026 release
“CoreWeave has committed to 526 MW of critical IT load”
Three Implications
FOR THE TEXAS EXPOSURE By our arithmetic, Helios and Denton alone are about 19% of CoreWeave’s contracted power, before any figure for its four other Texas places.
FOR THE BUILD SCHEDULE Galaxy says Helios Phase II, 260 MW of critical IT, is under construction, with data hall deliveries expected to start in the first half of 2027.
FOR RESULTS ON TUESDAY CoreWeave reports third-quarter results on November 10, as our preview notes; the letter gives no per-site figures for Texas.
The analysis says: “The structural bottleneck isn’t computing, it’s electrons.”
As we read it, CoreWeave’s Texas sites show that bottleneck site by site: most of the Helios commitment is power still to be delivered. The analysis does not discuss CoreWeave’s Texas sites.
What Is Not Established
CoreWeave’s letter, as we reported it, does not give a megawatt figure for any Texas site, and CoreWeave’s June-quarter 10-Q does not list Texas megawatts. The Denton figure dates from February 2025 and may have changed. We do not know how much of the Denton capacity is active. This piece makes no forecast about Texas policy under the incoming administration.
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Two of the six Texas places in CoreWeave’s letter, Dickens County and Denton, account for about 786 megawatts of partner-disclosed critical IT load, roughly 19% of the company’s about 4.2 gigawatts of contracted power by our arithmetic. Austin has an up-to-16-megawatt contract we could not tie to a site, and Plano, Richardson and Round Rock have no megawatt figure in the sources we read.
A note on sourcing. Site figures are from Galaxy (July 6, 2026) and Core Scientific (February 26, 2025 and March 6, 2024) releases and the City of Plano (July 25, 2023); the six Texas places and the 4.2 gigawatt figure are from CoreWeave’s November 7 letter as we reported it. The 786 megawatt total and the percentages are our arithmetic. This piece is not investment advice.
Gennaro Cuofano is a CRO and tech executive who has worked in AI since late 2015, starting with bringing NLP, natural-language generation, voice and chatbot products to the marketing industry. His background is in law and finance: he holds a Master's degree in Law and an International MBA with an emphasis on corporate finance (LUISS Business School and the University of San Diego, 2012), and worked as a financial analyst at a real-estate investment firm in San Diego and as an assistant controller. His work focuses on business model strategy, business engineering and, more broadly, structural analysis: how companies make money, read from their own filings. He created FourWeekMBA and leads research there and at The Business Engineer, his newsletter on AI and business strategy, with over 95,000 subscribers and more than 1,000 published analyses. His writing has also appeared on Entrepreneur (for example, How to Digitize a Family Business in Europe) and HackerNoon. Find him on LinkedIn and Substack. See how we source.
