Crypto companies continued to expand their physical footprint in Texas, with Galaxy Digital and MARA Holdings announcing separate land acquisitions tied to artificial intelligence (AI), high-performance computing (HPC) and Bitcoin mining infrastructure.

On Tuesday, Galaxy Digital, a crypto financial services and infrastructure company, said it had acquired a 500-acre site in McGregor, Texas, where it plans to build its second AI and HPC data center campus in the state. The project is expected to begin with 74 megawatts of power capacity before expanding in later phases.

MARA Holdings, a Bitcoin miner and digital infrastructure company, separately announced an agreement to acquire a 1,200-acre powered site in Matagorda County with access to up to 2 gigawatts of power capacity. The company said it intends to develop the site for AI and HPC workloads as well as Bitcoin mining.

The announcements came the same day Meta Platforms disclosed plans for a $14 billion AI data center campus in El Paso, adding to a wave of large-scale infrastructure investments in Texas.

The moves also highlight how digital asset companies are increasingly competing for the same ingredients that matter to large-scale computing projects: land, grid access and enough power to support energy-intensive operations. For Texas, that convergence has made the state a recurring destination for both crypto and AI infrastructure because of its large power market, relatively low electricity costs and the availability of land suitable for large developments. The state’s independent ERCOT grid has also attracted developers seeking access to substantial power capacity.

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