Mara Stock Jumps 11% After Texas Power Land Deal Announcement

TLDR

• MARA agreed to acquire a 1,200+ acre site in Matagorda County, Texas from HIF USA LLC
• The site will provide up to 1 GW of grid power by October 2027, and up to 2 GW by April 2028
• MARA plans to develop it into a digital infrastructure campus for Bitcoin mining and HPC workloads with Starwood Digital Ventures
• The deal would push MARA’s total power portfolio to approximately 4.8 GW across its portfolio
• MARA stock jumped more than 11% on the news, trading around $13.87, and is up over 54% year-to-date in 2026

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MARA Holdings (MARA) struck a deal Wednesday to acquire a 1,200-acre powered land site in Matagorda County, Texas, from synthetic-fuels developer HIF USA LLC. The stock jumped more than 11% on the news, recently trading around $13.87.

MARA has entered into a definitive agreement with HIF to acquire a strategic powered land site in Texas. The site spans more than 1,200 acres with access to up to an initial 1 GW of grid capacity by October 2027 and up to 2 GW by April 2028, subject to ERCOT approval.

We intend… pic.twitter.com/OZ0DvKlZoQ

— MARA (@MARA) July 9, 2026

The site sits roughly 90 miles southwest of Houston and carries access to up to 1 GW of electrical grid capacity by October 2027, scaling to 2 GW by April 2028.

MARA plans to develop the property into a digital infrastructure campus alongside Starwood Digital Ventures. The campus is designed to support both Bitcoin mining and high-performance computing (HPC) workloads, and has already drawn interest from potential HPC tenants.

Marathon Digital Holdings, Inc., MARA

HIF USA will keep a minority ownership stake in the project once a computing tenant signs a lease. The synthetic-fuels company says it will continue its own fuel development work at other sites.

MARA CEO and Chairman Fred Thiel described the deal plainly: “This transaction advances our strategy of securing strategically located infrastructure assets capable of supporting high-performance compute and Bitcoin workloads.”

A Massive Power Play

Once fully built out, the Texas site is expected to more than double MARA’s power capacity. Combined with the company’s previously announced acquisition of Ohio’s Long Ridge Energy & Power plant, total portfolio capacity would reach approximately 4.8 GW — a number that puts MARA in the same conversation as some regional utilities.

MARA has now invested more than $1.2 billion in Texas. Phased construction at the new campus is expected to begin in 2026, pending regulatory approvals.

The company says the project will support thousands of construction and permanent jobs in Matagorda County, a rural stretch of the Texas Gulf Coast.

The Numbers Behind the Move

MARA’s year-to-date gain now sits above 54% in 2026, fueled by investor enthusiasm around AI compute demand. The company carries a market cap of around $4.6 billion.

That backdrop makes the latest acquisition fit a wider pattern at MARA: pivoting from a pure-play Bitcoin miner to a power infrastructure company that can sell compute to whoever needs it most — whether that’s AI firms or crypto miners.

Citizens recently initiated coverage on MARA with a Market Outperform rating and a $24 price target, citing the company’s growing HPC capacity of 2.2 GW of owned and operated infrastructure.

Q1 2026 results were less flattering. MARA reported a net loss of $1.3 billion for the quarter, with EPS coming in at -$3.31 against a forecasted -$1.41, and revenue of $174.6 million missing the $181.86 million estimate.

MARA stock was last seen trading around $13.87, up more than 11% on the day.