The post Bitcoin Mining Giant Buys Texas Land Once Promised for Green Fuel in $600M Bet appeared on BitcoinEthereumNews.com.
MARA, a major Bitcoin (BTC) mining company, will buy a large Texas site once planned as a green fuel plant. The company will turn the land into flexible power for mining and artificial intelligence (AI) tenants. The deal with fuel developer HIF Global could reach $600 million if targets are met. It hands MARA a fully permitted site with grid rights for up to 2,000 megawatts in Matagorda County. MARA Stock Performance. Source: TradingView MARA’s Texas Site Trades Fuel for Computing HIF Global promoted the site as the first large e-fuels plant in the United States. Texas Governor Greg Abbott backed the roughly $7 billion project. It would split water to make cleaner shipping fuel and recycle carbon dioxide. Crucially, HIF had already won full permits and a secured grid connection for about 1.8 gigawatts of power. Those approvals can take years to win in the race fo
The post Bitcoin Needs a Daily Close Above $64,700 to Seal Its Latest Rebound, Says Trader appeared on BitcoinEthereumNews.com.
Bitcoin (BTC) saw intraday highs after Thursday’s Wall Street open as US stocks rebounded on fresh Iran peace hopes. Key points: Bitcoin joins a risk-asset rebound as US President Donald Trump said that Iran “wants to make a deal” after the ceasefire breakdown. Crypto short liquidations near $100 million over 24 hours. Traders see important BTC price levels coming as soon as the daily close. Crypto, stocks rise as Trump teases new Iran “deal” Data from TradingView showed BTC/USD rising back above $63,000, up by nearly 1.5% on the day. BTC/USD one-hour chart. Source: Cointelegraph/TradingView US stocks were in the green across the board, helping to erase Wednesday’s downside as US President Donald Trump said that the Iran peace deal was “over.” “They called a little while ago; they want to make a deal so badly,” Trump subsequently said in comments quoted by tra
Institutional blockchain adoption via private networks could undermine Bitcoin's value by bypassing public chains, affecting its growth potential.
The post JPMorgan says Bitcoin’s real threat isn’t Strategy’s massive holdings, it’s blockchain adoption that skips public chains entirely appeared first on Crypto Briefing.
The Bitcoin miner's shares climbed about 15% after announcing it's acquiring a Texas site with up to 2 GW of power capacity to expand its AI and digital infrastructure strategy.
A surging US dollar could tighten global financial conditions, impacting Bitcoin's liquidity and speculative investment flows.
The post Traders are most bullish on the US dollar in over 10 years, and Bitcoin should pay attention appeared first on Crypto Briefing.
The post MARA bets big on Texas AI hub as shares outperform crypto peers appeared on BitcoinEthereumNews.com.
MARA Holdings has expanded its AI and digital infrastructure footprint by acquiring a 1,200-acre powered land site in Texas, helping lift its shares more than 12% as the Bitcoin miner continues to outperform many publicly traded crypto companies. Summary MARA has acquired a 1,200-acre powered site in Texas with up to 2 GW of planned grid capacity. The company plans to build an AI and high-performance computing campus alongside Bitcoin mining operations. MARA shares jumped more than 12% after the announcement, extending gains to over 45% this year. According to a company press release, MARA has signed a definitive agreement to acquire the Texas property from HIF. The site is expected to provide access to an initial 1 gigawatt of grid capacity by October 2027, with total available capacity projected to reach 2 gigawatts by April 2028. The company said the location is designed to
The post MARA Buys Texas Site From HIF in $600M Bitcoin, AI Deal appeared on BitcoinEthereumNews.com.
The 1,200-acre Matagorda County site was previously slated for a $7 billion HIF Global e-fuels plant backed by Texas Gov. Greg Abbott before HIF pivoted to power computing instead. MARA Holdings said Thursday it signed a definitive agreement with HIF to acquire a powered land site of more than 1,200 acres in Matagorda County, Texas, in a post on its official X account. The site will carry up to 1 gigawatt of grid capacity by October 2027 and up to 2 gigawatts by April 2028, subject to approval from Texas grid operator ERCOT. The deal is not an upfront cash purchase. It is structured as up to $600 million in milestone-based payments tied to regulatory approvals, land access and eventually a signed data-center tenant, according to an SEC filing MARA disclosed, as reported by The Block. MARA shares rose roughly 14% in early trading Thursday on the news, The Block reported. HIF Global had
MARA Holdings has expanded its AI and digital infrastructure footprint by acquiring a 1,200-acre powered land site in Texas, helping lift its shares more than 12% as the Bitcoin miner continues to outperform many publicly traded crypto companies. According to…
