MARA Stock Pops as Bitcoin Miner Agrees to Acquire Massive Powered Texas Land Plot
DECRYPT ·
MARA Holdings is acquiring a 1,200+ acre powered site in Matagorda County, Texas from HIF USA, gaining access to up to 2 GW of grid capacity by April 2028. The site will become a computing campus for AI/HPC workloads and Bitcoin mining; HIF keeps a minority stake and continues its fuel projects elsewhere. MARA shares spiked Thursday following the announcement, now up more than 50% so far in 2026. MARA Holdings, the publicly traded Bitcoin -mining giant, is deepening its bet that America's power grid—not the cryptocurrency itself—is the real asset worth owning. And its stock is flying Thursday following the announcement. The Miami-based company announced Thursday that it has struck a deal with HIF USA, a synthetic-fuels developer, to acquire a sprawling piece of land in Matagorda County, Texas, about 90 miles southwest of Houston. The site, spanning more than 1,200 acres, comes with access to significant electrical grid capacity: up to 1 gigawatt by October 2027, and as much as 2 gigawatts the following spring. MARA plans to turn the property into a computing campus, developed alongside Starwood Digital Ventures, that could house both AI data centers and the energy-hungry machines that mine Bitcoin. HIF, which had been eyeing the site for its own fuel-production plans, will keep a minority stake once a computing tenant signs a lease, and says it will continue pursuing its other fuel projects elsewhere in Texas and abroad. Shares in MARA are up more than 15% on the day at a recent price of $13.87, per Yahoo Finance , pushing the firm’s monthly gain above 4%. So far in 2026, MARA shares are up more than 54% on the back of sizable AI compute demand and the resulting hype from investors.
DYAX Investor Sentiment
Bullish (Long) 45% · Bearish (Short) 55%
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