Digital asset and AI infrastructure firm Galaxy Digital has signed a 15-year naming rights settlement with Texas Tech, renaming the college’s soccer stadium Galaxy Stadium starting with the 2026 season.
The partnership additionally makes Galaxy the official knowledge heart and digital belongings accomplice of Texas Tech Athletics, with the businesses planning to collaborate on student-athlete identify, picture and likeness alternatives, synthetic intelligence initiatives and workforce improvement packages.
Based on Friday’s announcement, the stadium will debut below its new identify on Sept. 5, when Texas Tech opens its season towards Abilene Christian. Monetary phrases of the settlement weren’t disclosed.
The deal expands Galaxy’s footprint in West Texas, the place it operates the Helios knowledge heart campus in close by Dickens County, about 60 miles east of Lubbock. The positioning has 1.6 gigawatts of accepted capability for synthetic intelligence and high-performance computing (HPC).
Associated: Bitdeer inventory jumps 14% as firm expands US mining {hardware} manufacturing
Texas strengthens its crypto {industry} footprint
The partnership comes as Texas strengthens its place as a hub for the crypto {industry}, combining main Bitcoin mining funding with rising political affect and pro-crypto laws.
The state is already residence to among the {industry}’s largest Bitcoin (BTC) miners and digital infrastructure operators, together with Riot Platforms, Cipher Mining, Core Scientific, CleanSpark, IREN and Hut 8.
In February, Bitcoin mining {hardware} maker Canaan acquired a 49% stake in three working Texas mining services from Cipher Mining for almost $40 million, whereas earlier this month, MARA Holdings introduced plans to amass a 2-gigawatt powered website in Texas to develop a digital infrastructure campus supporting each HPC and Bitcoin mining.
Not too long ago, Texas has turn out to be a focus for crypto-backed political spending. In Might, industry-affiliated political motion committees spent greater than $10 million supporting candidates in Texas congressional major runoffs, with all six backed candidates successful.
The state has additionally backed the {industry} by way of public coverage. Final yr, Gov. Greg Abbott signed laws creating the Texas Strategic Bitcoin Reserve. In Might, state officers started transitioning the reserve’s holdings from a spot Bitcoin ETF to straight custodied bitcoin.
Texas Senate Invoice 21 established the Texas Strategic Bitcoin Reserve. Supply: Texas Legislature
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