Summary
- Galaxy Digital plans to build an AI and HPC data center campus after acquiring a 500-acre site in McGregor, Texas.
- MARA Holdings signed a deal to acquire a 1,200-acre site in Matagorda County, Texas, and plans to develop infrastructure for AI and HPC workloads and Bitcoin mining with as much as 2 gigawatts of power capacity.
- Texas has emerged as a key hub for data center and digital-asset infrastructure companies, supported by low electricity costs, a vast power market, and the independent ERCOT grid.
Galaxy Digital and MARA Holdings have each bought large tracts of land in Texas as they expand infrastructure for artificial intelligence, high-performance computing and Bitcoin mining.
Cointelegraph reported on July 28 that Galaxy Digital had acquired a 500-acre site in McGregor, Texas. The company plans to build an AI and HPC data center campus there, starting with 74 megawatts of power capacity before expanding in phases.
MARA Holdings on the same day signed an agreement to acquire a 1,200-acre site in Matagorda County, Texas, for power infrastructure development, according to the report. The site can support as much as 2 gigawatts of power capacity, and MARA plans to develop it for AI and HPC workloads as well as Bitcoin mining.
The announcements coincided with Meta Platforms' disclosure of plans for a $14 billion AI data center campus in El Paso, Texas, underscoring a broader wave of large-scale infrastructure investment in the state.
Texas has emerged as a key hub for data center and digital-asset infrastructure companies, supported by its vast power market, relatively low electricity costs and land suited for large-scale development. ERCOT, the state's independent power grid, has also helped attract developers seeking substantial power capacity.
Disclaimer: The market is risky, and investment needs to be cautious. This article does not constitute investment advice. Users should consider whether any opinions, views, or conclusions in this article are in line with their specific circumstances. Investment based on this is at their own risk.