Galaxy Digital Expands Operations with New Texas Data Center Campus Acquisition

In a significant move to bolster its technological infrastructure, Galaxy Digital Inc. has announced the acquisition of a sprawling 500-acre campus in McGregor, Texas. This expansion represents Galaxy's firm commitment to meeting the escalating demand for artificial intelligence (AI) and high-performance computing (HPC) capabilities.

The newly acquired property will serve as the foundation for the company's second major data center site in Texas, following the successful establishment of its Helios campus in West Texas—which has become one of North America's largest AI and HPC data centers with an impressive power capacity of 1.6 gigawatts.

According to Galaxy's founder and CEO, Mike Novogratz, the McGregor campus marks a vital step in a broader strategy aimed at robust, multi-campus development designed to address what he describes as a structural shift in computing demand, fueled by an increasing reliance on AI technologies. He remarked, "The demand for compute is a structural shift, not a passing cycle," emphasizing the importance of building sustainable infrastructure that also benefits local communities.

Economic Impact and Development Plans

The acquisition is more than just an expansion of Galaxy’s operational capabilities; it promises to be a boon for the local economy. With the projected development of the McGregor campus, Galaxy anticipates contributing an estimated $130 million to the local tax base, which will support essential community services such as schools and emergency services. This investment is expected to create hundreds of jobs, particularly during the construction phase and beyond, with competitive salaries built into the development agreement with the City of McGregor.

Galaxy is also taking steps to ensure that the development process is environmentally sustainable by implementing a water-efficient closed-loop cooling system. This system is designed to minimize water usage by recirculating water internally, thereby reducing the ecological footprint of the new facility. Additionally, Galaxy has pledged to fund the necessary water infrastructure improvements as part of the development agreement.

To facilitate the data center's operations, Galaxy will establish a private electrical substation on-site, ensuring that ratepayers are insulated from infra-structural upgrades. This substation will play a critical role in supporting the construction and future expansion of the campus’s electrical needs.

Collaborative Efforts and Community Commitment

Galaxy's expansion plans involve close collaboration with local entities, including the McGregor Economic Development Corporation (MEDC) and Heart of Texas Electric Cooperative (HOTEC). The company's prior experience in Dickens County has demonstrated its potential as a constructive community partner—contributing to infrastructure and local development while maintaining its position as the largest employer in the area.

The construction phase of the McGregor campus is expected to commence soon, with preliminary operations slated to start by 2028. During this period, Galaxy plans to keep the local community informed and engaged, demonstrating its commitment to being a good neighbor.

Mike Novogratz has expressed optimism regarding the future of Galaxy in McGregor, stating, "We look forward to growing together with McGregor in the years ahead." This sentiment reflects the company’s goal of integrating its operations with the local economy and fostering a reciprocal relationship.

As Galaxy Digital continues to innovate and respond to the increasing global demand for AI and HPC resources, its expansion into McGregor stands as a testament to its commitment to sustainable growth and community development. The McGregor campus is poised to play a vital role in shaping the future of digital infrastructure, driving local economic growth while addressing the demands of a rapidly changing technological landscape.

About Galaxy Digital

Galaxy Digital Inc. is a global leader in digital assets and data-center infrastructure. The firm provides comprehensive solutions aimed at accelerating advancements in finance and AI technologies. Already recognized for its rapid growth in the North American data center sector, Galaxy remains focused on developing cutting-edge facilities to meet the needs of the digital economy. With operational offices spanning across North America, Europe, the Middle East, and Asia, Galaxy is well-positioned for continued success in the growing tech landscape.