Galaxy, MARA Holdings deepen Texas expansion with land acquisitions
Reported by Cointelegraph · AI-assisted summary by ChikoCorp AI News Desk
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Galaxy Digital and MARA Holdings have each announced significant land acquisitions in Texas to expand infrastructure for AI, high-performance computing (HPC), and Bitcoin mining. Galaxy Digital acquired a 500-acre site in McGregor, Texas, where it plans to build its second AI and HPC data center campus in the state. The initial phase is expected to have a power capacity of 74 megawatts, with plans to expand further in later stages.
Separately, MARA Holdings revealed an agreement to acquire a much larger 1,200-acre powered site in Matagorda County, Texas. This site has access to up to 2 gigawatts of power capacity, and MARA intends to develop it for AI and HPC workloads alongside Bitcoin mining activities. Both companies’ expansions underscore the growing trend of blockchain and tech entities investing in substantial physical infrastructure within Texas.
These corporate moves coincide with Meta Platforms’ announcement of a $14 billion AI data center campus in El Paso, highlighting a broader trend of massive infrastructure investments in the state. Texas is considered a prime location for such developments due to its extensive power market, relatively low electricity costs, and available land conducive to large-scale projects. The presence of the independent ERCOT grid further attracts developers looking for reliable and high-capacity power sources.
According to the source, these developments matter because they signal Texas’s rising importance as a hub for data centers and crypto infrastructure, catering to the increasing demand for AI, HPC, and cryptocurrency mining operations. The article presents these facts without commentary and encourages readers to independently verify the information.