Galaxy Acquires 500-Acre Site in McGregor, Texas for New Data Center Campus
Galaxy Digital Inc. (Nasdaq: GLXY) has acquired a 500-acre site in McGregor, McLennan County, Texas to develop an AI and high-performance computing data center campus as part of its multi-campus strategy. The new facility will be the company's second major investment in Texas following its flagship Helios campus in West Texas. Galaxy plans for an initial development phase reaching 74 MW with potential growth into a multi-hundred-megawatt site by 2030. The project is expected to begin receiving power in 2028, subject to the completion of key milestones and collaboration with local utilities like Heart of Texas Electric Cooperative (HOTEC). Galaxy will fund its own private substation and water-efficient cooling systems. The company also pledged $130 million minimum addition to the local tax base from day one. Galaxy emphasized that this expansion aligns with surging demand for compute power, positioning it as a long-term infrastructure solution in rural communities.
Tickers: $GLXY
Topics: artificial intelligence (AI) data centers economic development high-performance computing (HPC)