MARA Stock Pops as Bitcoin Miner Agrees to Acquire Massive Powered Texas Land Plot
MARA Holdings has agreed to purchase a sizable plot of land in Texas to power its Bitcoin mining and growing AI compute ambitions.
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The post Why Data Centers Are Booming—And What They’re Actually For appeared on BitcoinEthereumNews.com. Aerial view of data centers in Ashburn, Virginia. Getty If you’ve driven past a big windowless building, you’ve probably seen a data center. Chances are you’re relying on one right now, without giving it a thought. For most of the internet era, these buildings stayed out of sight. However, now data centers suddenly seem to be everywhere. The short answer as to why is scale: a surge in AI and cloud demand has made them one of the most talked-about and fought-over pieces of modern infrastructure. What Is A Data Center? A data center is a purpose-built building that runs large numbers of computers reliably, securely and around the clock. Inside are the servers, storage and networking gear that do the work, plus the heavy-duty cooling, backup power and physical security that keep them running. One can be as small as a server room or as large as a windowless campus the size of several st
Read full articleMARA Holdings has agreed to purchase a sizable plot of land in Texas to power its Bitcoin mining and growing AI compute ambitions.
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The post Fed: Hawkish minutes keep upside rate risks – ING appeared on BitcoinEthereumNews.com. ING strategists Michiel Tukker and Benjamin Schroeder note that the Federal Reserve’s June minutes confirmed a more hawkish stance despite an unchanged policy rate. They highlight that nine officials pencilled in higher rates by year-end and that most see further policy firming as likely if inflation stays elevated due to AI-driven demand, high energy prices and tariffs, though ING’s base case expects moderation. June minutes reinforce hawkish Fed stance “This more upbeat take on the economy and the labour market was also reflected in the more hawkish stance of the Fed, which was just confirmed by the minutes of the June meeting.” “While voting unanimously to keep rates on hold, that meeting saw nine Fed officials pencilling in higher rates by the end of this year.” “Most officials agreed that “some policy firming would likely be warranted” in a scenario in which inflation remained elevated
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The post MARA Expands AI Infrastructure With Texas Site Acquisition, Stock Price Surge appeared on BitcoinEthereumNews.com. Bitcoin miner MARA has expanded its digital infrastructure by acquiring a large-scale powered land site in Texas. The miner’s stock has surged on the back of this development, even as the firm deepens its push into the AI industry. MARA Acquires Texas Land Site, Stock Price Surges In a press release, the Bitcoin miner announced that it has entered into a definitive agreement under which it will acquire from HIF a large-scale powered land site in Texas. “The site encompasses more than 1,200 acres and is expected to provide access to up to an initial 1 GW of grid capacity by October 2027 and up to 2 GW by April 2028,” the release read. This comes as MARA continues to expand its AI infrastructure, pivoting from just Bitcoin mining. Notably, this latest purchase comes just months after the miner acquired Long Ridge Energy & Power in a $1.5 billion deal. Meanwhile, the
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