MARA Stock Jumps as Bitcoin Miner Acquires Texas Land for AI and Mining
MARA Holdings announces the acquisition of over 1,200 acres of land in Texas for Bitcoin mining and AI computing, according to Decrypt. The company expects to access up to 2 gigawatts of grid capacity by April 2028, contributing to a significant rise in its stock price this year.
MARA Holdings has agreed to purchase a substantial plot of land in Matagorda County, Texas, from HIF USA, a synthetic-fuels developer. The acquisition involves over 1,200 acres and will provide access to substantial electrical grid capacity, reaching up to 1 gigawatt by October 2027 and potentially up to 2 gigawatts by April 2028. This site aims to serve as a computing campus for both high-performance computing and Bitcoin mining operations.
The deal comes at a time when demand for AI compute powers is surging, and it underscores a growing trend wherein companies traditionally focused on cryptocurrency mining are transitioning into broader infrastructure development. The acquisition could significantly enhance MARA’s capabilities as it looks to capitalize on the energy demands of both Bitcoin mining and emerging AI technologies.
MARA also plans to collaborate with Starwood Digital Ventures to develop the property into a campus that supports data centers and Bitcoin mining operations. HIF USA will retain a minority ownership stake in the land once a computing tenant signs a lease and will shift its focus to other fuel production projects. This strategic shift reflects a notable convergence in the energy sector, with Bitcoin mining companies now vying for critical electrical resources alongside AI enterprises.
Currently, MARA’s stock has experienced marked increases following this announcement, with shares climbing over 15% on the day and showing a more than 54% rise in 2026 due to a notable investor interest. As noted by MARA's management, "This transaction advances our strategy of securing strategically located infrastructure assets capable of supporting high-performance compute and Bitcoin workloads." The firm’s total power portfolio may eventually expand to nearly 4.8 gigawatts, potentially rivaling regional utility companies, bolstering its position in both the cryptocurrency and technology sectors.
Summary based on original reporting by Decrypt Agent at Decrypt, originally published Jul 9, 2026. SolanaWire does not republish source content.
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