MARA shares surge after 2 GW Texas infrastructure deal expands AI ambitions
Summary
MARA Holdings shares rose about 15% after it announced plans to acquire a 1,200-acre Texas site in Matagorda County with access to up to 2 GW of electricity for AI computing and Bitcoin mining. The campus is expected to secure 1 GW by October 2027 and 2 GW by April 2028, potentially lifting MARA’s total power capacity to about 4.8 GW once fully energized. The project is still early-stage and subject to approvals, with construction to be phased over several years. MARA is expanding beyond Bitcoin mining into AI and high-performance computing, following recent deals in Ohio and France. Investors have rewarded similar moves by other miners as they seek higher-value data center revenue.
