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Bitcoin miner MARA Holdings shares rose about 15% in early trading Thursday after the company announced plans to acquire a Texas powered-land site with access to up to 2 gigawatts of electricity for AI computing and Bitcoin mining. The 1,200-acre site in Matagorda county, about 90 miles southwest of Houston, is expected to provide access to an initial 1 GW of grid capacity by October 2027 and up to 2 GW by April 2028. MARA said it plans to develop the site as a digital infrastructure campus supporting both high-performance computing and Bitcoin mining. Upon full energization, the site is expected to more than double the Bitcoin (BTC) miner’s potential power capacity to about 4.8 GW. HIF USA will retain a minority ownership stake in the project if MARA signs a lease with a high-performance computing tenant, according to the companies. The companies did not disclose financial terms of the
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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
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…
The post MARA Stock Pops as Bitcoin Miner Agrees to Acquire Massive Powered Texas Land Plot appeared on BitcoinEthereumNews.com.
In brief MARA Holdings is acquiring a 1,200+ acre powered site in Matagorda County, Texas from HIF USA, gaining access to up to 2 GW of grid capacity by April 2028. The site will become a computing campus for AI/HPC workloads and Bitcoin mining; HIF keeps a minority stake and continues its fuel projects elsewhere. MARA shares spiked Thursday following the announcement, now up more than 50% so far in 2026. MARA Holdings, the publicly traded Bitcoin-mining giant, is deepening its bet that America’s power grid—not the cryptocurrency itself—is the real asset worth owning. And its stock is flying Thursday following the announcement. The Miami-based company announced Thursday that it has struck a deal with HIF USA, a synthetic-fuels developer, to acquire a sprawling piece of land in Matagorda County, Texas, about 90 miles southwest of Houston. The site, spanning mo
