Key facts
- MARA Holdings is acquiring a 1,200-acre powered site in Matagorda County, Texas.
- The Texas site will provide up to 2 GW of grid capacity by April 2028.
- MARA plans to develop the site into a computing campus for AI/HPC workloads and Bitcoin mining.
- MARA shares rose about 15% on the announcement, contributing to a year-to-date gain of over 54%.
Bitcoin miner MARA Holdings is expanding its infrastructure by acquiring a 1,200-acre powered site in Matagorda County, Texas. The deal with HIF USA provides access to up to 1 gigawatt of grid capacity by October 2027, potentially increasing to 2 gigawatts by April 2028. MARA plans to develop the property into a computing campus for artificial intelligence (AI), high-performance computing (HPC) workloads, and Bitcoin mining operations, in partnership with Starwood Digital Ventures. HIF USA will retain a minority stake upon securing a computing tenant. The acquisition is part of MARA's strategy to secure strategically located infrastructure assets capable of supporting high-performance compute and Bitcoin workloads, aiming to maximize power value. This move signifies a convergence where Bitcoin miners are transforming into infrastructure developers to meet the demand for electricity from both AI companies and their own mining operations. MARA's stock surged over 15% following the announcement, contributing to a year-to-date gain of more than 54% in 2026. The company also recently acquired Long Ridge Energy & Power and a stake in French computing infrastructure operator Exaion. MARA is the fourth-largest corporate holder of Bitcoin. Other miners are also expanding into AI infrastructure, with companies like Core Scientific, Hut 8, and Tera Wulf announcing significant AI-related agreements, leading to increased investor rewards and higher valuation multiples for those with AI and HPC contracts.