AcquisitionsJul 9, 2026, 08:06 AM
MARA Acquires Texas Site, Expands Power Capacity to 4.8 GW
AI Summary
MARA Holdings, Inc. announced the acquisition of a large-scale powered land site in Matagorda County, Texas, from HIF USA LLC. The site, over 1,200 acres, is expected to provide access to up to 2 GW of grid capacity by April 2028, significantly expanding MARA's potential power capacity to approximately 4.8 GW across its portfolio. This acquisition strengthens MARA's digital infrastructure platform for high-performance computing and Bitcoin mining, with HIF retaining a minority ownership interest in the project. The development is projected to create thousands of jobs in Texas.
Key Highlights
- MARA acquired a large-scale powered land site in Matagorda County, Texas, from HIF USA LLC.
- Site provides access to 1 GW grid capacity by Oct 2027, up to 2 GW by April 2028.
- Acquisition more than doubles MARA's potential power capacity to 4.8 GW.
- Site to be developed for high-performance computing and Bitcoin mining.
- HIF to retain minority ownership interest in the project.
- Project expected to create thousands of construction and permanent jobs.
- MARA has invested over $1.2 billion in Texas to date.
Price Impact
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