MARA Stock Rises After Deal to Acquire Texas Site That Could More Than Double Its Power Capacity

MARA Holdings, Inc. (NASDAQ:MARA) shares are trading higher Thursday after the company announced a definitive agreement to acquire a large-scale powered land site in Matagorda County, Texas from HIF USA LLC.

• MARA stock is charging ahead with explosive momentum. What’s behind MARA gains?

The Deal

The site encompasses more than 1,200 acres in Matagorda County, approximately 90 miles southwest of Houston, and is expected to provide access to up to 1 GW of grid capacity by October 2027 and up to 2 GW by April 2028. The site has already received interest from potential High-Performance Computing tenants. HIF will retain a minority ownership interest in the project upon execution of a lease with an HPC tenant.

Upon full energization, the site is expected to more than double MARA’s potential power capacity to approximately 4.8 GW across its portfolio — including the anticipated close of MARA’s previously announced agreement to acquire Long Ridge Energy & Power.

The Development Plan

MARA intends to develop the site through its previously announced partnership with Starwood Digital Ventures as a large-scale digital infrastructure campus capable of supporting high-performance computing workloads as well as flexible compute operations, including Bitcoin mining. Phased construction is expected to begin in 2026, contingent upon regulatory approvals. The site is expected to support thousands of construction and permanent full-time jobs upon completion. MARA has invested more than $1.2 billion in Texas to date.

“This transaction advances our strategy of securing strategically located infrastructure assets capable of supporting high-performance compute and bitcoin workloads,” said Fred Thiel, MARA’s Chairman and CEO. “Sites with access to reliable, scalable power will become increasingly valuable. This acquisition meaningfully expands our long-term development pipeline.”

MARA Shares Climb

MARA Price Action: At the time of publication, MARA shares are trading 10.48% higher at $13.28, according to data from Benzinga Pro.

This illustration was generated using artificial intelligence via Midjourney.