Galaxy Digital revealed it purchased 500 acres in McGregor, Texas, for a new AI data center as GLXY stock trades near $22.

Galaxy Digital acquires nearly 500 acres in McGregor, Texas for Project Merlin, an AI and HPC data center campus with over $400 million in

The “privately funded" Texas campus is expected to generate a minimum of $130 million for McGregor's local tax base, Galaxy said.