Nvidia · Galaxy Digital · SpaceX · Datacenter Dynamics
Galaxy Digital eyes second Texas data center site, picks up land outside Waco
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Cryptomine and data center firm Galaxy Digital looks set to develop its second campus in Texas.
Key facts
- Galaxy acquired the data center from Argo Blockchain in late 2022 for approximately $65 million
- After breaking ground in July 2021, the 160-acre Helios campus started cryptomining operations in May 2022
- At a council meeting this week, the company is said it is aiming to develop on 500 acres on land near SpaceX’s rocket test and development facility, investing some $400 million to develop as many
- Last year, CoreWeave committed to leasing what was at the time the full 800MW of approved capacity at the Helios campus, which will generate an average annual revenue of more than $1 billion
Summary
Local press, including KWTX and the Waco Tribune-Herald, report Galaxy has entered into an agreement with McGregor to acquire land in the city’s industrial park for a data center campus. McGregor is a city located southwest of Waco, in McLennan and Coryell counties. At a council meeting this week, the company is said it is aiming to develop on 500 acres on land near SpaceX’s rocket test and development facility, investing some $400 million to develop as many as eight buildings. The site, known as Project Merlin, will use closed-loop cooling systems to reduce water usage.