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Galaxy and MARA expand Texas data centre sites
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Galaxy and MARA expand Texas data centre sites

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  • Galaxy Digital and MARA Holdings have expanded their Texas land holdings for AI and Bitcoin data centres.
  • The companies are increasing infrastructure as demand grows for AI computing and Bitcoin mining.
  • Both companies said the sites support long-term growth in high-performance computing and digital infrastructure.

Galaxy Digital and MARA Holdings have expanded their Texas land holdings to support AI computing and Bitcoin (CRYPTO:BTC) mining facilities.

The acquisitions increase the companies' capacity as demand grows for data centres that support artificial intelligence and cryptocurrency mining.

Galaxy said the additional land strengthens its long-term data centre strategy, while MARA said the sites support future infrastructure growth.

The companies plan to develop the properties for high-performance computing and Bitcoin mining, subject to construction and regulatory approvals.

The land purchases expand both companies' infrastructure plans, and following the announcement Galaxy shares were unchanged at about US$31.20, while MARA shares were up about 1% at US$19.80.

Bitcoin miners have increasingly expanded into AI computing as they seek new sources of revenue from existing energy and data centre assets.

Texas has become a major location for AI and Bitcoin infrastructure because of its energy resources, available land and growing data centre industry.

At the time of reporting, Bitcoin price was $64,473.07.

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