Texas Lands Grabs: Galaxy, MARA Expand Crypto Footprint

Crypto companies continue to expand their physical footprint in Texas, driven by the state's large power market and relatively low electricity costs. Galaxy Digital, a crypto financial services and infrastructure company, has acquired a 500-acre site in McGregor, Texas, where it plans to build its second AI and high-performance computing (HPC) data center campus. 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, has 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 plans to develop the site for AI and HPC workloads as well as bitcoin mining.

The announcements follow Meta Platforms' disclosure of plans for a $14 billion AI data center campus in El Paso, highlighting Texas's emergence as a key destination for large-scale infrastructure investments.