Galaxy Digital ($GLXY) is developing "Project Merlin" in McGregor, Texas, which involves a minimum long-term capital investment of over $400 million and a $130 million property tax base. The company, which operates the Helios AI/HPC campus and maintains a 15-year anchor lease with CoreWeave, is expanding its data center infrastructure to support finance and AI. Sentiment is highly bullish, with traders reporting heavy accumulation of call options following the project presentation.