Galaxy, MARA Holdings deepen Texas expansion with land Acquisitions

cointelegraphPubblicato 2026-07-28Pubblicato ultima volta 2026-07-28

Introduzione

Crypto firms Galaxy Digital and MARA Holdings are expanding their infrastructure operations in Texas through new land acquisitions focused on AI, high-performance computing, and Bitcoin mining. Galaxy Digital purchased a 500-acre site in McGregor for its second AI/HPC data center campus, starting with 74 megawatts of power. MARA Holdings separately agreed to acquire a 1,200-acre site in Matagorda County with access to up to 2 gigawatts for similar mixed-use development. These moves coincide with Meta Platforms' announcement of a major AI data center in El Paso, highlighting Texas's growing appeal for large-scale infrastructure due to its large power market, lower electricity costs, and available land.

Crypto companies continued to expand their physical footprint in Texas, with Galaxy Digital and MARA Holdings announcing separate land acquisitions tied to AI, high-performance computing (HPC) and Bitcoin mining infrastructure.

On Tuesday, Galaxy Digital, a crypto financial services and infrastructure company, said it acquired a 500-acre site in McGregor, Texas, where it plans to build its second AI and high-performance computing (HPC) data center campus in the state. The project is expected to launch with 74 megawatts of power capacity before expanding in later phases.

MARA Holdings, a Bitcoin miner and digital infrastructure company, separately announced an agreement to acquire a 1,200-acre powered site in Matagorda County with access to up to 2 gigawatts of power capacity. The company said it intends to develop the site for AI and HPC workloads as well as bitcoin mining.

The announcements came the same day that Meta Platforms disclosed plans for a $14 billion AI data center campus in El Paso, adding to a wave of large-scale infrastructure investments in Texas.

Texas has emerged as a key destination for data center and crypto infrastructure projects because of its large power market, relatively low electricity costs and the availability of land suitable for large-scale developments. The state’s independent ERCOT grid has also attracted developers seeking access to substantial power capacity.

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Domande pertinenti

QWhat did Galaxy Digital announce regarding its expansion in Texas?

AGalaxy Digital announced it acquired a 500-acre site in McGregor, Texas, where it plans to build its second AI and high-performance computing (HPC) data center campus, with an initial power capacity of 74 megawatts.

QWhat land acquisition did MARA Holdings announce in Texas?

AMARA Holdings announced an agreement to acquire a 1,200-acre powered site in Matagorda County, Texas, with access to up to 2 gigawatts of power capacity, which it plans to develop for AI, HPC workloads, and Bitcoin mining.

QWhy is Texas a key destination for data center and crypto infrastructure projects according to the article?

ATexas is a key destination due to its large power market, relatively low electricity costs, availability of land for large-scale developments, and its independent ERCOT grid which offers substantial power capacity.

QWhat other major company announced an AI data center investment in Texas on the same day as the Galaxy and MARA announcements?

AOn the same day, Meta Platforms disclosed plans for a $14 billion AI data center campus in El Paso, Texas.

QWhat specific industries or workloads are the new Texas sites from Galaxy and MARA intended to support?

ABoth companies' new sites are intended to support artificial intelligence (AI), high-performance computing (HPC) workloads, and Bitcoin mining (in the case of MARA Holdings).

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