Galaxy Digital Buys 500-Acre Texas Campus, Doubling Down on AI/HPC Data Center Push
GLXY sits 33% above its 52-week low of $16.43.
Summary
Galaxy Digital is acquiring a 500-acre campus in McGregor, Texas, expanding its data center footprint beyond the existing Helios site. This follows the recent $3.5B debt raise to fund a 400 MW facility and the 133 MW Phase I delivery to CoreWeave, signaling aggressive scaling of its AI/HPC infrastructure strategy. The new campus adds significant capacity in a tight power market, strengthening its position as a landlord for hyperscale tenants. Terms were not disclosed, but the move aligns with the company's pivot toward high-performance computing revenue. Watch for details on power availability and potential tenant commitments in upcoming filings.
At the time of this announcement, GLXY was trading at $21.90 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $8.9B. The 52-week trading range was $16.43 to $45.92. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.