Galaxy Digital acquires McGregor site for AI data center
Galaxy Digital acquired a 500 acre site in McGregor, Texas, to develop a new AI and high performance computing data center campus, adding to its digital asset and infrastructure business. The company intends to build large-scale AI and HPC infrastructure within the ERCOT power market, and Morgan Stanley highlighted Galaxy's favourable position in ERCOT's large load interconnection process for this build out. The stock trades on NasdaqGS:GLXY at US$21.01, has fallen 18.8% in 30 days and 21.8% over a year, while a three-year return is roughly 3.5x; investors should watch timelines, power contracts, and customer commitments.
Galaxy Digital purchased a 500 acre McGregor site for AI and HPC infrastructure
Context
Galaxy Digital bought a large site in McGregor, Texas for an AI and HPC campus. Morgan Stanley noted the company's favorable ERCOT interconnection position. Next steps could include securing power contracts and customer commitments that…
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