Galaxy Digital just locked down nearly 500 acres of land in McGregor, Texas, for a massive new data center campus focused on AI and high-performance computing. The project, internally dubbed Project Merlin, received McGregor City Council approval in a 5-1 vote and will see Galaxy invest more than $400 million into six to eight data center buildings.
The initial phase delivers 74 MW of power capacity, with room to scale significantly beyond that. For a company that built its name in crypto trading and Bitcoin mining, the move is the clearest signal yet that Galaxy sees its future at the intersection of digital assets and artificial intelligence infrastructure.
From Bitcoin mines to AI machines
This isn’t Galaxy’s first rodeo in the Lone Star State. The company already operates the Helios campus in Dickens County, Texas, which spans over 1,500 acres and boasts more than 1.6 GW of approved ERCOT power capacity. That facility started life as a Bitcoin mining operation before Galaxy pivoted it toward AI and HPC workloads.
Project Merlin will sit on roughly 499 acres of city-owned land that Galaxy is purchasing for more than $7 million. The site benefits from proximity to existing industrial operations in McGregor, a small city about 20 miles southwest of Waco that’s perhaps best known for hosting SpaceX’s rocket testing facility.
