Galaxy Digital Acquires 500-Acre Site for Second Texas AI Data Center
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Key Takeaways
- Galaxy acquired 500 acres in McGregor, Texas, for $7.5 million to build an AI and HPC data center campus.
- The initial 74 MW phase is expected to go online in 2028, with potential expansion to several hundred megawatts by 2030.
Galaxy Digital acquired about 500 acres in McGregor, Texas, for a second data center campus, expanding beyond its Helios complex as the cryptocurrency company pushes further into AI infrastructure.
The New York-based company paid the city about $7.5 million for the property and expects the first phase to reach 74 megawatts, according to a statement Tuesday. Power deliveries are expected to begin in 2028, subject to development milestones.
Galaxy said the site could eventually support several hundred megawatts of capacity through 2030, though that expansion depends on the local utility completing additional transmission infrastructure. The company didn’t disclose the project’s total expected cost or identify prospective customers.
The transaction gives Galaxy a second major Texas data center property as access to electricity and suitable land becomes increasingly important to developers serving AI and high-performance-computing customers. Galaxy’s original business centers on digital-asset trading, investment banking and asset management, but the company is increasingly positioning its power-rich infrastructure as a second growth engine.
