MARA Shares Jump 13% After 2 GW Texas Power Deal for AI and Bitcoin Growth

MARA Holdings has agreed to acquire a large powered land site in Texas, giving it access to up to 2 GW of power capacity by 2028. The company plans to develop the site into a digital infrastructure campus for high-performance computing (HPC) and flexible workloads, including bitcoin mining.

The site, located in Matagorda County about 90 miles southwest of Houston, spans over 1,200 acres. Initial 1 GW of grid capacity is expected by October 2027, rising to 2 GW by April 2028. MARA will develop the property in partnership with Starwood Digital Ventures.

Shares of Nasdaq-listed MARA rose more than 13% after the deal was disclosed. The acquisition significantly increases MARA’s long-term power capacity, lifting its potential portfolio capacity to about 4.8 GW, including the previously announced Long Ridge Energy & Power deal.

Fred Thiel, MARA’s chairman and CEO, said the deal advances the company’s strategy of securing infrastructure assets with access to reliable and scalable power for HPC and bitcoin workloads.

The site has already attracted interest from potential HPC tenants. If a lease is signed, HIF will retain a minority ownership stake. HIF USA will use proceeds to advance its fuels plans at other sites. Phased construction is expected to start in 2026, pending regulatory approvals.

The deal underscores how major crypto miners are evolving into broader energy and compute infrastructure companies. Access to large-scale power is becoming the central asset for serving bitcoin networks, AI model developers, or HPC tenants.

Source: https://news.bitcoin.com/mara-shares-jump-13-after-2-gw-texas-power-deal-for-ai-and-bitcoin-growth/