S&P 5007,765.36▼0.5% Nasdaq27,193.34▼1.2% Dow51,231.64▲0.1% Russell 2K2,794.13▲0.0% 10-Yr5.23%−5bp VIX15.41+0.33 WTI$91.10▲3.2% Gold$4,157.80▲0.4% EUR/USD1.122▼0.3% BTC$81,907▼1.4% Nikkei70,036▼0.9%
At close · Thu, Oct 8, 2026
Daily Market Updates.

Crypto

Home›Crypto›Market Structure›Galaxy Digital signs 15-year naming rights deal for Te…

Galaxy Digital signs 15-year naming rights deal for Texas Tech stadium

The $70 million agreement begins with the 2026 football season and aligns Galaxy with its Helios data-center buildout in West Texas, which has 1.6 gigawatts of approved high-performance computing capacity.

Texas Tech has agreed to a $70 million, 15-year naming-rights deal with Galaxy Digital to rebrand its football stadium as Galaxy Stadium, with the change taking effect starting the 2026 season. The stadium is currently called Jones AT&T Stadium, and Texas Tech’s first game in the rebranded venue is set for Sept. 5 against Abilene Christian, according to Decrypt.

The partnership also positions Galaxy as Texas Tech’s official digital assets partner and creates new NIL opportunities for student-athletes. Decrypt notes the timing follows Texas Tech winning the Big 12 and qualifying for the College Football Playoff.

Galaxy Digital is pursuing a broader strategy shift from crypto trading toward building large-scale AI and high-performance computing infrastructure in Texas. Decrypt says Galaxy’s Helios campus in Dickens County is under development with 1.6 gigawatts of approved capacity for high-performance computing, and Galaxy CEO Mike Novogratz described it as infrastructure for the “code economy.”

Decrypt reports that Galaxy’s approach reflects a market reality where crypto-linked firms increasingly seek assets that can support the AI boom, with data-center power viewed as a key input. The story also flags that gigawatt-scale data centers in West Texas face scrutiny related to water and grid strain, and that Galaxy’s “closed-loop” water system will be tested as Helios expands.

More like this

Sources

Get the close, explained.

One email every trading day: what moved, why it moved, and what's on deck tomorrow. Read in 3 minutes.

Free. Unsubscribe anytime.