MARA Stock Pops as Bitcoin Miner Agrees to Acquire Massive Powered Texas Land Plot
MARA Holdings agreed to buy a 1,200+ acre site in Matagorda County, Texas, from HIF USA and plans to develop it into a large computing campus with Starwood Digital Ventures. The site has access to major grid capacity: up to 1 gigawatt by October 2027 and 2 gigawatts by the following spring. MARA expects the property to support both AI data centers and Bitcoin mining, reinforcing its shift from pure mining toward power-and-infrastructure ownership. The deal could lift MARA’s total power portfolio to nearly 4.8 gigawatts, including a previously announced Ohio power plant acquisition. Shares rose more than 15% on the news, extending a strong 2026 gain driven by investor enthusiasm around AI compute demand. HIF will keep a minority stake once a tenant signs a lease. MARA says the project could create thousands of jobs and add to its more than $1.2 billion invested in Texas.
