Surges as Texas Acquisition Expands AI Ambitions

TLDR

• MARA stock jumps as Texas site expands its AI infrastructure plans.

• New Texas land deal gives MARA access to major future grid capacity.

• MARA plans an HPC campus while keeping Bitcoin mining in focus.

• Starwood partnership supports MARA’s large-scale data center buildout.

• Texas acquisition strengthens MARA’s long-term power capacity pipeline.

MARA Holdings (MARA) stock surged 12.15% to $13.48 after the company announced a major Texas land acquisition. The deal expands its power access and strengthens its AI infrastructure strategy. The move also supports its push beyond traditional Bitcoin mining.

Marathon Digital Holdings, Inc., MARA

MARA Secures Large Texas Powered Site

MARA Holdings signed a definitive agreement to acquire a 1,200-acre powered land site in Matagorda County, Texas. The site sits about 90 miles southwest of Houston. HIF USA will sell the property while continuing its advanced fuels plans elsewhere.

The site could provide access to 1 gigawatt of grid capacity by October 2027. It could then reach 2 gigawatts of capacity by April 2028. Therefore, MARA gains a large power base for future computing demand.

MARA plans to develop the site through its partnership with Starwood Digital Ventures. The project will support high-performance computing, flexible compute operations, and Bitcoin mining. The company said potential HPC tenants have already shown interest in the site.

Texas Deal Expands AI And Bitcoin Mining Capacity

The acquisition supports MARA’s move beyond traditional Bitcoin mining. The company now aims to serve both digital asset networks and AI-linked computing demand. This shift reflects a wider push among miners seeking new revenue sources.

MARA expects phased construction to begin in 2026, subject to regulatory approvals. The company plans to build a large-scale digital infrastructure campus on the property. HIF will retain a minority ownership interest after MARA signs an HPC lease.

The site could more than double MARA’s potential power capacity after full energization. The company expects total portfolio capacity to reach about 4.8 gigawatts. That figure includes the expected closing of its Long Ridge Energy & Power acquisition.

Stock Rally Follows Broader Infrastructure Push

MARA shares advanced as the market reacted to the company’s expanding AI infrastructure plans. The acquisition gives MARA another large energy-backed asset for future computing demand. It also strengthens the company’s position in power-heavy digital infrastructure.

MARA has already invested more than $1.2 billion in Texas. The company said the Matagorda project could support thousands of construction and permanent jobs. It also expects the campus to strengthen local economic activity over time.

The deal adds context to a broader sector trend among public Bitcoin miners. Several companies now use energy assets to support AI, cloud, and HPC workloads. MARA’s Texas acquisition places it deeper into that shift while keeping Bitcoin mining in its strategy.

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