Key facts
- Galaxy Digital acquired a 500-acre site in McGregor, Texas, for an AI and HPC data center campus.
- MARA Holdings will acquire a 1,200-acre powered site in Matagorda County for AI, HPC, and Bitcoin mining.
- Texas is a key destination for data center and crypto infrastructure due to its power market, low costs, and available land.
- Meta Platforms announced plans for a $14 billion AI data center campus in El Paso.
Galaxy Digital and MARA Holdings are expanding their presence in Texas through separate land acquisitions aimed at developing infrastructure for power-intensive applications like AI, high-performance computing (HPC), and Bitcoin mining. Galaxy Digital acquired a 500-acre site in McGregor, Texas, with plans to launch its second AI and HPC data center campus in the state, starting with 74 megawatts of power capacity. MARA Holdings announced an agreement to acquire a 1,200-acre powered site in Matagorda County, securing access to up to 2 gigawatts of power for AI, HPC, and Bitcoin mining workloads. These developments coincide with Meta Platforms' disclosure of a $14 billion AI data center campus in El Paso, highlighting Texas's growing appeal for such large-scale infrastructure investments. The state's favorable conditions, including a large power market, competitive electricity costs, ample land, and the independent ERCOT grid, are attracting significant investment in data center and crypto infrastructure.