Digital asset and artificial intelligence infrastructure company Galaxy Digital has signed a 15-year naming rights agreement with Texas Tech, renaming the university’s football stadium Galaxy Stadium beginning with the 2026 season.
The partnership also makes Galaxy the official data center and digital assets partner of Texas Tech Athletics, and the companies plan to collaborate on student-athlete name, image and likeness, artificial intelligence initiatives and workforce development programs.
According to Friday’s announcements, the up-to-date name of the stadium will debut on September 5, when Texas Tech will start the season with a match against Abilene Christian. The financial terms of the deal were not disclosed.
The deal expands Galaxy’s footprint in West Texas, where it operates a Helios data center campus in nearby Dickens County, about 60 miles east of Lubbock. The facility has an approved capacity of 1.6 gigawatts for artificial intelligence and high-performance computing (HPC).
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Texas is strengthening its reach in the crypto industry
The partnership comes as Texas strengthens its position as a center for the crypto industry, combining gigantic investments in Bitcoin mining with growing political influence and pro-cryptography legislation.
Some of the industry’s largest Bitcoin (BTC) miners and digital infrastructure operators already operate in the state, including Riot Platforms, Cipher Mining, Core Scientific, CleanSpark, IREN and Hut 8.
In February, bitcoin mining equipment maker Canaan acquired a 49% stake in three operating mining facilities in Texas from Cipher Mining for nearly $40 million, while earlier this month MARA Holdings announced plans to acquire a 2 gigawatt facility in Texas to develop a digital infrastructure campus supporting both HPC and bitcoin mining.
Recently, Texas has become a focal point for cryptocurrency-backed political spending. In May, industry-affiliated political action committees spent more than $10 million supporting candidates in the Texas congressional primary, and all six supported candidates won.
The state also supported the industry through public policy. Last year, Gov. Greg Abbott signed legislation creating a strategic bitcoin reserve in Texas. In May, state officials began transferring reserve holdings from the spot Bitcoin ETF to directly held bitcoin.
Texas Senate Bill 21 established the Texas Strategic Bitcoin Reserve. Source: Texas Legislature
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