Galaxy Digital Acquires Texas Land for AI Campus Amid Rising Data Center Demand
Galaxy Digital (GLXY) has acquired approximately 500 acres of land in McGregor, Texas to develop a second artificial intelligence and high-performance computing campus. The project is expected to provide up to 74 megawatts initially by 2028, with potential expansion into multi-hundred-megawatt capacity through 2030. This move reflects Galaxy's strategic shift from cryptocurrency mining toward large-scale data center infrastructure for AI workloads. The company previously repurposed its Helios Bitcoin mining facility in West Texas as an AI campus under a long-term agreement with CoreWeave, now delivering over 133 MW of IT load. To support further expansion at Helios and the new McGregor site, Galaxy announced plans to raise $3.5 billion through secured notes on July 22. Texas has become a hub for data centers due to its energy infrastructure and available land. However, growing public backlash against these projects is emerging in several communities across the state.
Tickers: $GLXY
Topics: AI infrastructure data centers high-performance computing (HPC) Texas expansion