MARA Acquires 1,200-Acre Texas Site with 2 GW Capacity for Bitcoin and AI

Key Facts

In a move reflecting the accelerating race to secure energy resources for digital infrastructure, MARA Holdings has announced a definitive agreement to acquire a land site exceeding 1,200 acres in Matagorda County, Texas, for approximately $600 million. This strategic acquisition provides the company with access to approximately 2 GW of power capacity, serving as a critical foundation for its ambitions to scale Bitcoin mining and AI compute operations. Under the terms of the deal, HIF USA LLC will retain a minority ownership stake in the project while MARA spearheads the site's development, which was previously intended for a green fuel plant.

This expansion comes as major Bitcoin miners undergo a strategic pivot toward AI data centers, with peers like Core Scientific and Hut 8 diversifying revenue streams by leveraging their existing power infrastructure. Per market data, this transaction positions MARA strongly in terms of available power capacity relative to its sector peers, as the 2 GW capacity exceeds many currently operational facilities in the U.S. Analysts suggest that securing land with direct grid access has become a rare competitive advantage amid surging demand from big tech firms.

Regarding market performance, MARA shares stood at $13.22 (at close July 09, 2026), with daily trading ranging between $12.65 and $14.41. Investors are closely monitoring the company's ability to convert this massive power capacity into active operational output in the coming quarters. Looking ahead at the economic calendar, while there are no immediate corporate catalysts, sector sentiment may be influenced by the U.S. Balance of Trade data scheduled for release later today, July 07, 2026.