Galaxy Digital signs a 15-year naming deal for Texas Tech's stadium, the same term as its CoreWeave compute lease at the West Texas Helios campus.
Texas Tech will rename its football stadium Galaxy Stadium under a 15-year naming-rights agreement with Galaxy Digital, the school said July 17.
Sports Business Journal valued the deal at roughly $75 million over the term. Texas Tech did not disclose the financial terms. The first game under the new name is scheduled for September 5 against Abilene Christian.
The overlap with Galaxy's physical assets gives the deal weight. Galaxy's Helios campus in West Texas has roughly 1.6 GW of approved power capacity. On July 6, Galaxy said Phase I delivered about 133 MW of IT load to CoreWeave under a 15-year lease. That lease matches the stadium term.
The stadium sits on the west side of campus, visible from Interstate 27, a short drive from the data-center corridor around Lubbock. Galaxy already maintains a local presence there. The naming deal gives the company a physical venue for hiring fairs and relationships with local officials who control permitting and power allocation.
Galaxy trades as COHR on the NYSE. AlphaScala assigns the stock a score of 50, labeled Mixed, in the Technology sector.
The first Galaxy-branded game is set for September 5, the Red Raiders' home opener against Abilene Christian.
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