Galaxy signs 15-year naming rights deal with Texas Tech

Digital asset firm Galaxy has signed a 15-year agreement to name Texas Tech's stadium Galaxy Stadium. The deal expands the company's presence in West Texas.

Galaxy, a Nasdaq-listed digital asset and AI infrastructure company, signed the naming rights agreement with Texas Tech University. The Red Raiders' home stadium will be rebranded as Galaxy Stadium under the terms of the 15-year deal.

The agreement highlights Galaxy's growing focus on the region. Officials noted the appeal of West Texas due to its low-cost power and available land for crypto and AI projects.

The move comes as crypto investment and AI infrastructure continue to expand across Texas. No financial details of the naming rights deal were disclosed in reports.

Makala yanayohusiana

Photorealistic image of Hut 8's Texas AI data center with a stock surge chart overlay, illustrating the $9.8 billion lease announcement.
Picha iliyoundwa na AI

Hut 8 shares surge nearly 30 percent after signing $9.8 billion ai data center lease

Imeripotiwa na AI Picha iliyoundwa na AI

Hut 8 announced a 15-year lease valued at $9.8 billion for a large-scale AI data center in Texas, sending its shares up nearly 30 percent on Wednesday. The deal covers 352 megawatts of capacity at the company's Beacon Point campus and includes options that could raise the total value to $25.1 billion.

Galaxy Digital has established a $5 million initiative to fund efforts protecting Bitcoin from potential future quantum computing threats. The program will award grants for quantum-resistant signature schemes, wallet migration tools, and security audits. Applications are now open as the firm seeks additional industry support.

Imeripotiwa na AI

TeraWulf has signed a 20-year lease to provide AI infrastructure to Anthropic. The agreement is expected to generate $19 billion in revenue. Bitcoin mining stocks rose after the announcement.

Tesla has displayed custom-wrapped Cybercab and Cybertruck vehicles at Gigafactory Texas to mark the United States' upcoming 250th anniversary.

Imeripotiwa na AI

BlackRock, Coinbase, Strategy and six other firms have formed the Bitcoin Security Consortium to fund research protecting the network from future quantum computing risks. The group announced its formation on July 23 with a combined pledge of 15 million dollars over three years.

Hive Digital Technologies announced a three-year, 220 million dollar GPU cloud contract with Bell Canada and Cohere. The deal involves deploying more than 2,300 Nvidia GPUs to support Canadian sovereign AI services. Shares in the company rose 10 percent in pre-market trading following the announcement.

Imeripotiwa na AI

Sunrun, Tesla, and Renew Home announced an agreement to aggregate more than 16 gigawatts of home batteries and devices into the largest distributed power plant in the US. The project targets surging electricity demand from data centers. Sunrun shares rose as much as 26 percent following the announcement.

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