Galaxy Digital has acquired about 500 acres in McGregor, Texas, to build its second major AI and high-performance computing data center campus in the state, following its large Helios facility in West Texas.
The project, developed with the City of McGregor and local partners, starts with an initial 74 MW phase expected to receive power in 2028 and could expand to multi-hundred megawatts by 2030, according to an announcement on Tuesday.
Galaxy (GLXY) said the new plot will support a "privately funded campus," including a private substation.
"This is intended to insulate rate payers from costs associated with electrical infrastructure required to support the campus development," the company wrote.
Likewise, arguing the data center will be a boon to McGregor’s community, Galaxy expects the project will add a minimum of $130 million to the local tax base.
