Galaxy, MARA Holdings deepen Texas expansion with land Acquisitions

cointelegraphPublicado em 2026-07-28Última atualização em 2026-07-28

Resumo

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.

Magazine: Peter Brandt predicts the exact day Bitcoin’s bear market will be over

Perguntas relacionadas

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).

Leituras Relacionadas

The Fed's Interest Rate Decision is Inevitable! Former Senior Fed Advisor Reveals His Forecast for Today!

Former Federal Reserve senior advisor John Faust stated he does not expect the Fed to raise interest rates at the FOMC meeting concluding today. He argued the Fed will not try to win credibility by deliberately surprising markets. In his assessment, Faust noted that Fed Chairman Kevin Warsh has used strong rhetoric on restoring price stability but largely failed to share details on how he plans to achieve it. This information gap has led to various market scenarios. However, Faust believes the reality is simpler: Warsh positions himself as a pragmatic, tough-minded policymaker, placing high importance on monetary policy communication while showing flexibility regarding balance sheet reduction. Faust compared Warsh's approach to the "refined intuitive approach" used by former Chairman Alan Greenspan. Faust stated that, unlike strict policy rules, this approach does not yield clear-cut answers on rate decisions. In current conditions, both a 25-basis-point hike and waiting for the next meeting could be reasonably justified. Aligning with market expectations, Faust predicts the Fed will choose to wait today. He believes the benefit of waiting outweighs the negatives, partly because he agrees that deliberately surprising markets to boost credibility is not a valid factor. Faust also argued there is no substantial macroeconomic difference between hiking today and holding steady, as a 25-basis-point move over eight weeks alone is not economically decisive. He emphasized that the important aspect will not be the decision itself, but how it is explained to markets. Warsh has so far advocated forward-looking policy without clear guidance on economic forecasts or the likely rate path. Faust warned that if the Fed does not explicitly state grounds for a hike and opts to wait for more data, markets may misinterpret the decision's meaning. Regardless of today's outcome, how Warsh explains the policy decisions at the meeting and press conference may be the most critical information for investors.

cryptonews.ruHá 5m

The Fed's Interest Rate Decision is Inevitable! Former Senior Fed Advisor Reveals His Forecast for Today!

cryptonews.ruHá 5m

The US estimated damage from cryptocurrency fraud at $80.7 billion

According to a report by the Consumer Federation of America (CFA), U.S. citizens lost an estimated $80.7 billion to cryptocurrency fraud in 2025. This figure is derived from data reported to the FBI's Internet Crime Complaint Center (IC3), which received 181,565 crypto-related complaints with claimed losses of $11.37 billion—a 22% increase from 2024. The CFA applied a 7.1 multiplier to account for significant underreporting. Cryptocurrency fraud accounted for over half of all losses reported to IC3. The largest category of reported damage was investment fraud, totaling $8.6 billion (estimated $61.4 billion after the multiplier). The FBI specifically noted 61,559 crypto investment fraud complaints with losses of $7.23 billion. Individuals over 60 were disproportionately affected, reporting $4.43 billion in losses from 44,555 complaints. Overall, IC3 received over 1 million complaints across all internet crimes in 2025, with reported losses of $20.88 billion. The CFA estimates total losses at $148.2 billion, or $1,009 per U.S. household. For the first time, the FBI separately tracked AI-enabled crimes, logging 22,364 complaints with $893.3 million in reported losses (estimated $6.3 billion). The FBI also highlighted its "Operation Level Up" initiative, launched in 2024, which has prevented over $500 million in potential crypto fraud losses.

cryptonews.ruHá 6m

The US estimated damage from cryptocurrency fraud at $80.7 billion

cryptonews.ruHá 6m

Central Bank Publishes Rules for Cryptocurrency Margin Trading

The Bank of Russia has published draft rules for margin trading of cryptocurrency and digital financial assets (DFAs). According to the proposals, both qualified and non-qualified investors will have access to leveraged transactions, though limits will be set for the latter in the future on transaction volume and permitted assets. Brokers may open a margin position for a client only if the trading platform provides an official risk rate for the specific asset. To combine crypto-assets and digital rights into one position, they must trade on the same technological platform or information system. The central bank is accepting feedback on the draft until August 12. Russia's organized cryptocurrency market is slated to launch from September 1, 2026, following the enactment of the "On Digital Currencies and Digital Rights" law. While this law establishes the core regulatory framework, additional norms, including these margin trading rules and previously published requirements for digital depositories and organized trading conditions, will be set out in separate Bank of Russia regulations.

cryptonews.ruHá 15m

Central Bank Publishes Rules for Cryptocurrency Margin Trading

cryptonews.ruHá 15m

SUI Faces Daily $15 Million Token Unlock, While BEAT Leads $81 Million Token Release Wave This Week

The article discusses significant token unlocks planned for this week in the crypto market. According to Cryptorank, seven assets, including $SUI and $BEAT, are set for major releases. Analyst account Top7 estimates a $74.9 million one-time unlock for $BEAT on August 1, constituting about 2.12% of its circulating supply. $EIGEN and $KITE will also unlock on the same day for $7.65M and $6.08M respectively, with $BTW and $ZAMA following on August 2 for a combined $13.24M. In contrast to these large, concentrated unlocks, the $SUI token follows a different, continuous daily vesting mechanism, distributing approximately $15.4 million worth of tokens weekly into circulation among community reserves, early contributors, and the Mysten Labs treasury. This gradual release is seen as less likely to cause immediate selling pressure compared to one-time events. As of July 29, $SUI trades at $0.69 with a market cap of around $2.78 billion. The piece explains that large unlocks are important for traders as they increase the pool of tokens available for sale, potentially creating downward price pressure if supply outpaces demand. This effect is considered strongest for "cliff" unlocks like $BEAT's. Despite being a regular feature on unlock trackers due to its volume and vesting schedule, $SUI's ecosystem has shown independent growth, including a reported influx of $65 billion in stablecoin volume following a recent fee reduction. A key test will be whether $SUI's price holds steady from August 1-2 amidst the concentrated unlocks of other tokens.

cryptonews.ruHá 16m

SUI Faces Daily $15 Million Token Unlock, While BEAT Leads $81 Million Token Release Wave This Week

cryptonews.ruHá 16m

Altura Explains Delay in Vault Wind-Down Process Due to Frozen Bank Accounts

Altura, a DeFi yield-focused protocol, announced a delay in the final stage of closing its stablecoin vault due to a bank freezing its account. Over £16.4 million in cash for the final user payout round is currently locked while the bank conducts an internal review. The closure process began in June following significant withdrawal pressure. Altura had already recovered assets from partners and was preparing an OTC trade to convert the cash to USDT for distribution. The company stated the situation is beyond its control and awaits bank clearance. Altura's vault, built on HyperEVM, once held nearly $39 million. The protocol stressed that its issues are unrelated to other market stress points like Main Street and that its core lending operations remain unaffected. The timeline for final user repayments now depends on when the bank unfreezes the account.

cryptonews.ruHá 18m

Altura Explains Delay in Vault Wind-Down Process Due to Frozen Bank Accounts