MARA Holdings has agreed to acquire a large powered land site in Texas, giving it access to up to 2 GW of power capacity by 2028. The company plans to develop the site into a digital infrastructure campus for high-performance computing and flexible workloads, including bitcoin mining.
Key Takeaways
MARA will acquire a Texas site with up to 2 GW of power capacity by 2028 for HPC and mining.MARA shares rose over 13% as the deal expanded its digital infrastructure strategy.Construction starts in 2026, with Starwood Digital Ventures targeting AI and bitcoin workloads.MARA Holdings is expanding its digital infrastructure footprint with a deal to acquire a large powered land site in Matagorda County, Texas, about 90 miles southwest of Houston.
The company said the site spans more than 1,200 acres and is expected to provide access to an initial 1 GW of grid capacity by October 2027. Capacity could rise to 2 GW by April 2028.
Texas Site Adds Scale to MARA’s Power PipelineThe acquisition would significantly increase MARA’s long-term power capacity. Once fully energized, the site is expected to help lift the company’s potential portfolio capacity to about 4.8 GW, including the anticipated closing of MARA’s previously announced agreement to acquire Long Ridge Energy & Power.
MARA said the site has already received interest from potential high-performance computing 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 the deal advances the company’s strategy of securing infrastructure assets with access to reliable and scalable power. He commented:
HIF Keeps Upside as Project Moves ForwardFor HIF USA, the transaction allows the company to monetize infrastructure assets while retaining exposure to future development. HIF will continue its advanced fuels plans at other sites it controls in Texas and globally.
Renato Pereira, HIF USA’s CEO, said the project will support economic investment and jobs in Matagorda County. HIF has issued a notice to proceed with the construction of the switchyard needed to connect the site to the grid.
Phased construction of the digital infrastructure campus is expected to begin in 2026, subject to regulatory approvals.
MARA said the development is expected to support thousands of construction and permanent full-time jobs once completed. The company has already invested more than $1.2 billion in Texas and said it plans to continue significant investment in the state.
