According to The Block, crypto investment firm Galaxy Digital has acquired 500 acres of land in McGregor, Texas, for its second AI data center campus. This move marks the company’s expansion from traditional crypto business into AI infrastructure.

Event Details

The Block reports that Galaxy Digital’s Texas data center campus will be privately funded and is expected to generate at least $130 million in local tax revenue for McGregor. This investment scale demonstrates the continued heat in AI infrastructure construction.

Galaxy Digital already operates a data center in Texas, and this expansion reflects the company’s optimistic expectations for AI computing demand. With the rapid development of large language models and generative AI applications, demand for high-performance computing resources is surging.

Analysts point out that crypto companies entering the AI data center space is becoming a trend. These companies typically have strong capital operation capabilities and energy management experience, allowing them to effectively reduce data center operating costs. Meanwhile, there is overlap in hardware requirements between AI and crypto mining, making business transformation technically feasible.

Editor: GoodInfo Global News Team