Galaxy Digital and MARA Holdings have each acquired land in Texas to expand facilities for artificial intelligence, high-performance computing and Bitcoin mining amid rising demand for power-intensive digital infrastructure. The separate transactions were announced on Tuesday.

Galaxy Digital, a cryptocurrency financial services and infrastructure firm, purchased a 500-acre site in McGregor. The location will host the company’s second artificial intelligence and high-performance computing data center campus in the state. Initial power capacity is set at 74 megawatts, with further expansion planned in subsequent phases.

MARA Holdings, a Bitcoin miner and digital infrastructure operator, agreed to acquire a 1,200-acre powered site in Matagorda County. The property offers access to as much as 2 gigawatts of electricity. The company intends to develop the location for artificial intelligence and high-performance computing workloads alongside Bitcoin mining operations.

The announcements coincided with Meta Platforms’ disclosure of plans for a $14 billion artificial intelligence data center campus in El Paso. Texas has become a preferred location for such projects because of its sizable power market, relatively low electricity costs and availability of suitable land. The state’s independent ERCOT grid further supports access to large-scale capacity.