Galaxy Digital said it has acquired roughly 500 acres in McGregor, Texas, for what it described as its second large-scale artificial intelligence and high-performance computing data center campus in the state, according to The Block. The project will move forward with the City of McGregor and local partners. Its first phase is planned at 74 MW, with power delivery expected in 2028 and a later expansion target of several hundred megawatts by 2030. Galaxy said the development is expected to add at least $130 million to the local tax base. CEO Mike Novogratz said the company has spent the past several years proving out a model of long-term collaboration between privately owned data centers and rural communities at its Helios site in Dickens County, Texas. He said the McGregor campus is the next step in Galaxy’s strategy to build a multi-campus data center business. Galaxy bought the Helios bitcoin mining site in West Texas in 2022 and has since shifted toward AI and high-performance computing. The Electric Reliability Council of Texas, or ERCOT, has already approved an expansion of Helios to 1.63 GW, and that capacity has been leased to AI cloud computing company CoreWeave for 15 years.
Crypto financial services firm Galaxy Digital said it has acquired about 500 acres in McGregor, Texas, where it plans to build its second large-scale artificial intelligence and high-performance computing, or HPC, data center campus in the state, according to The Block.
The company said the project will be developed alongside the City of McGregor and local partners. The first phase is planned for 74 MW of capacity. Power is expected to be available in 2028, and Galaxy aims to scale the site to several hundred megawatts by 2030.
Galaxy said the project is expected to increase McGregor’s local tax base by at least $130 million.
Next step after Helios
CEO Mike Novogratz said Galaxy has spent the past several years proving out a model at the Helios data center in Dickens County, Texas, where a privately owned data center works in long-term partnership with a rural community. He said the new McGregor campus will be the next step in Galaxy’s strategy to build a multi-campus data center business.
Galaxy acquired the Helios bitcoin mining campus in West Texas in 2022 and has gradually shifted its focus toward AI and high-performance computing.
The Electric Reliability Council of Texas, or ERCOT, has approved an expansion of Helios to 1.63 GW. That capacity has been leased to AI cloud computing company CoreWeave for 15 years.
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