MARA Holdings acquires Texas power-backed land for $600M AI and Bitcoin campus
MARA Holdings (NASDAQ: MARA) announced on July 9, 2026, that its subsidiary acquired a 1,200-acre power-backed site in Matagorda County, Texas, for up to $600 million. The site, 90 miles southwest of Houston, offers up to 2 GW of grid capacity. MARA plans to build a digital infrastructure campus with Starwood Digital Ventures for AI, HPC, and Bitcoin mining. The deal more than doubles MARA’s power capacity to ~4.8 GW. Shares surged 18% on the news.
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Mara Holdings Stock Spikes on $600 Million Land Deal for AI and Bitcoin Infrastructure
Shares of Mara Holdings (NASDAQ: MARA) surged on Thursday after the company announced a major expansion into digital infrastructure. Mara agreed to purchase over 1,200 acres of powered land from sustainable fuels company HIF USA for up to $600 million. The site, located 90 miles southwest of Houston, Texas, is projected to provide access to up to 2 gigawatts of grid capacity by April 2028. Mara plans to build a digital infrastructure campus in collaboration with Starwood Digital Ventures to support AI, high-performance computing, and Bitcoin mining operations. The project is expected to more than double Mara's total power capacity to approximately 4.8 GW. CEO Fred Thiel stated the acquisition strengthens the company's ability to support high-performance compute and maximize power value. Investors reacted positively to the strategic shift from Bitcoin mining toward more lucrative AI and computing services.
Yahoo FinanceMARA Stock Surges as Bitcoin Miner Acquires Massive Powered Texas Land Plot
MARA Holdings, a publicly traded Bitcoin mining company, announced on July 9, 2026, that it has agreed to acquire a 1,200-acre land plot in Matagorda County, Texas, from synthetic-fuels developer HIF USA. The site offers access to up to 1 gigawatt of electrical grid capacity by October 2027 and up to 2 gigawatts by spring 2028. MARA plans to develop a computing campus with Starwood Digital Ventures to house AI data centers and Bitcoin mining operations. HIF USA will retain a minority stake once a computing tenant signs a lease. Following the announcement, MARA shares rose over 15% to $13.87, contributing to a 54% year-to-date gain. The deal expands MARA's total power portfolio to nearly 4.8 gigawatts, positioning the company as a major infrastructure developer amid growing demand for energy for AI and cryptocurrency. CEO Fred Thiel emphasized the strategic value of securing reliable, scalable power assets. The project is expected to create thousands of construction and permanent jobs in the region.
Yahoo FinanceMARA Stock Surges as Bitcoin Miner Acquires Massive Powered Texas Land Plot
MARA Holdings, a publicly traded Bitcoin mining company, announced on July 9, 2026, that it has agreed to acquire a 1,200-acre land plot in Matagorda County, Texas, from synthetic-fuels developer HIF USA. The site offers access to up to 1 gigawatt of electrical grid capacity by October 2027 and up to 2 gigawatts by spring 2028. MARA plans to develop a computing campus with Starwood Digital Ventures to house AI data centers and Bitcoin mining operations. HIF USA will retain a minority stake once a computing tenant signs a lease. The news drove MARA's stock up over 15% to $13.87, contributing to a 54% year-to-date gain. CEO Fred Thiel emphasized the strategic value of securing reliable, scalable power infrastructure. The deal is expected to bring thousands of construction and permanent jobs to the rural Texas Gulf Coast region, adding to MARA's over $1.2 billion investment in the state. The acquisition reflects a trend of Bitcoin miners transforming into infrastructure developers to meet AI energy demands.
Yahoo FinanceMARA jumps 18% as Bitcoin miner acquires Texas powered land site for $600 million
MARA Holdings (NASDAQ: MARA) announced on July 9, 2026, that its subsidiary Volt Texas, LLC acquired a power-backed land site in Matagorda County, Texas, for up to $600 million. The 1,200-acre property, located 90 miles southwest of Houston, has rights to up to 2,000 MW of capacity and is planned for a digital infrastructure campus supporting AI/HPC workloads, flexible compute, and Bitcoin mining. Shares rose 18% to $14.18 on the news. The deal closed July 2, 2026, and is expected to more than double MARA's portfolio power capacity to about 4.8 GW. Construction phases begin in 2026, with initial 1 GW grid capacity expected by October 2027 and full 2 GW by April 2028. MARA is partnering with Starwood Digital Ventures on the campus, which has already attracted HPC tenant interest.
Yahoo FinanceMARA jumps 18% as Bitcoin miner acquires Texas powered land site for $600 million
MARA Holdings (NASDAQ: MARA) announced on July 9, 2026, that its subsidiary Volt Texas, LLC acquired a power-backed land site in Matagorda County, Texas, for up to $600 million. The 1,200-acre property, about 90 miles southwest of Houston, has rights to up to 2,000 MW of capacity and is planned for a digital infrastructure campus supporting AI/HPC workloads, flexible compute, and Bitcoin mining. The deal closed on July 2, 2026, and is expected to more than double MARA's portfolio power capacity to about 4.8 GW. Shares rose 18% in early trading to $14.18. Construction is expected to start in 2026, with initial 1 GW grid capacity by October 2027 and up to 2 GW by April 2028. MARA is building the campus with Starwood Digital Ventures and has drawn interest from potential HPC tenants.
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