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

MARA to Acquire 1,200-Acre Texas Campus With 2 GW Capacity

MARA Holdings is expanding its digital infrastructure footprint with a deal to acquire a large powered land site in Matagorda County, Texas, about 90 miles southwest of Houston.

The company said the site spans more than 1,200 acres and is expected to provide access to an initial 1 GW of grid capacity by October 2027. Capacity could rise to 2 GW by April 2028.

MARA plans to develop the property through its partnership with Starwood Digital Ventures into a large-scale campus supporting high-performance computing, flexible compute operations, and bitcoin mining.

The market reacted sharply to the announcement. Shares of Nasdaq-listed MARA rose more than 13% after the deal was disclosed.

Texas Site Adds Scale to MARA’s Power Pipeline

The acquisition would significantly increase MARA’s long-term power capacity. Once fully energized, the site is expected to help lift the company’s potential portfolio capacity to about 4.8 GW, including the anticipated closing of MARA’s previously announced agreement to acquire Long Ridge Energy & Power.

MARA said the site has already received interest from potential high-performance computing tenants. If a lease is signed with an HPC customer, HIF will retain a minority ownership interest in the project.

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. He commented:

This transaction advances our strategy of securing strategically located infrastructure assets capable of supporting high-performance compute and bitcoin workloads. We look forward to working with our partners at the site to deliver on the project buildout and drive long-term value for all our stakeholders.

As demand for AI and digital infrastructure accelerates, sites with large power allocations are becoming increasingly valuable. MARA is positioning itself to serve both bitcoin mining and compute-intensive enterprise workloads.

HIF Keeps Upside as Project Moves Forward

For HIF USA, the transaction allows the company to monetize infrastructure assets while retaining exposure to future development. HIF will continue its advanced fuels plans at other sites it controls in Texas and globally.

Renato Pereira, HIF USA’s CEO, said the project will support economic investment and jobs in Matagorda County. HIF has issued a notice to proceed with the construction of the switchyard needed to connect the site to the grid.

Phased construction of the digital infrastructure campus is expected to begin in 2026, subject to regulatory approvals.

MARA said the development is expected to support thousands of construction and permanent full-time jobs once completed. The company has already invested more than $1.2 billion in Texas and said it plans to continue significant investment in the state.

The deal underscores how major crypto miners are evolving into broader energy and compute infrastructure companies. For MARA, access to large-scale power is becoming the central asset, whether the end customer is a bitcoin network, an AI model developer or a high-performance computing tenant.