MARA Shares Jump 13% After Landmark 2 GW Texas Power Deal
July 10, 2026 — MARA Holdings shares surged over 13% today after the company announced a deal to acquire a 1,200-acre powered land site in Texas with access to up to 2 GW of power capacity by April 2028. The digital infrastructure campus will support high-performance computing (HPC), artificial intelligence workloads, and bitcoin mining operations through a partnership with Starwood Digital Ventures.
Immediate Details & Direct Quotes
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MARA said the Matagorda County site, located 90 miles southwest of Houston, will provide initial access to 1 GW of grid capacity by October 2027. Capacity can expand to 2 GW by April 2028. Construction begins in 2026, subject to regulatory approvals.
The property has already attracted interest from potential HPC tenants. If a lease is signed with an HPC customer, HIF will retain a minority ownership interest in the project.
Fred Thiel, MARA’s chairman and CEO, said: “This transaction advances our strategy of securing strategically located infrastructure assets capable of supporting high-performance compute and bitcoin workloads. We look forward to working with our partners at the site to deliver on the project buildout and drive long-term value for all our stakeholders.”
HIF USA CEO Renato Pereira confirmed the project will support economic investment and jobs in Matagorda County. HIF has issued a notice to proceed with switchyard construction to connect the site to the grid.
Market Context & Reaction
The Nasdaq-listed company’s shares jumped more than 13% following the announcement, reflecting investor enthusiasm for MARA’s expanding digital infrastructure strategy.
Once fully energized, the Texas site will help lift MARA’s potential portfolio capacity to approximately 4.8 GW. This includes the anticipated closing of MARA’s previously announced agreement to acquire Long Ridge Energy & Power.
The deal highlights how major crypto miners are evolving into broader energy and compute infrastructure companies. For MARA, access to large-scale power is becoming the central asset, serving bitcoin networks, AI model developers, and HPC tenants.
MARA has already invested more than $1.2 billion in Texas and plans continued significant investment in the state. The development is expected to support thousands of construction and permanent full-time jobs once completed.
Background & Historical Context
The acquisition significantly expands MARA’s long-term power capacity pipeline. The company’s partnership with Starwood Digital Ventures positions it to serve both cryptocurrency mining and compute-intensive enterprise workloads.
As demand for AI and digital infrastructure accelerates, sites with large power allocations are becoming increasingly valuable. For HIF USA, the transaction allows monetization of infrastructure assets while retaining exposure to future development. HIF will continue its advanced fuels plans at other sites it controls in Texas and globally.
Phased construction of the digital infrastructure campus begins in 2026. The site spans more than 1,200 acres in Matagorda County.
What This Means
In the short term, MARA’s expanded power capacity positions it to capture growing demand from both bitcoin mining and AI/HPC sectors. The company’s ability to attract HPC tenants will be a key metric to watch over the next 90 days.
Long-term implications include MARA’s potential emergence as a major digital infrastructure provider, competing beyond just cryptocurrency mining. The company’s 4.8 GW pipeline could serve diverse compute workloads.
Investors should monitor regulatory approvals for construction and any HPC lease agreements. This deal underscores the increasing value of energy infrastructure in the crypto and AI landscape.
Not financial advice. Conduct your own research before making investment decisions.
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