MARA Stock Jumps on 2 GW Texas Power Site Acquisition
The deal could more than double Marathon Digital’s power capacity to about 4.8 gigawatts as it seeks AI and high-performance compute leases.
- Marathon Digital announced its acquisition of a 1,200-acre powered land site in Matagorda County, Texas from HIF USA and Starwood Digital Ventures on Thursday, targeting 2 GW of power capacity by April 2028.
- Shares of MARA surged 19% on Thursday, outpacing peers RIOT and CLSK as investors responded to the company's expanded infrastructure strategy.
- CEO Fred Thiel stated, "This transaction advances our strategy of securing strategically located infrastructure assets," confirming the company's pivot toward high-performance computing infrastructure.
- While WULF holds $13 billion in contracted AI revenue anchored by Google, Marathon Digital faces investor pressure to secure a hyperscaler anchor tenant for its new Texas development.
- Full energization of the Matagorda site will double total power capacity to about 4.8 GW, factoring in the pending Long Ridge acquisition of a 505 MW gas plant in Ohio.
22 Articles
22 Articles
MARA Is Up 19% Today: Is It Outperforming Other Crypto Stocks Like Riot and CleanSpark?
Shares of Marathon Digital (NASDAQ:MARA) are up 18% in midday trading Thursday, changing hands at $14.27. The move puts Marathon Digital stock at the top of the crypto miner leaderboard on July 9, 2026, ahead of peers Riot Platforms (NASDAQ:RIOT), CleanSpark (NASDAQ:CLSK), and TeraWulf (NASDAQ:WULF), all of which are also higher. The rally caps a ... MARA Is Up 19% Today: Is It Outperforming Other Crypto Stocks Like Riot and CleanSpark?
MARA Holdings Stock Jumps as Bitcoin Miner Makes a Big Purchase
Key Insights MARA Holdings stock rose after announcing a major transaction. It bought a 1,200 acre of land to build its data centers. The company faces some major challenges, including financing. MARA Holdings stock popped by over 15% today, July 9. This happened as the Bitcoin mining giant announced a huge acquisition in Texas. It jumped to $13.80, up by 20% from its lowest level this week and 110% from the year-to-date low. MARA Holdings Stoc…
MARA Shares Jump 13% After 2 GW Texas Power Deal for AI and Bitcoin Growth
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. MARA to Acquire 1,200-Acre Texas Campus With 2 […]
MARA Locks Up 2 GW Texas Site for Up to $600M in Power Land Grab
Grid-connected acreage is now a balance-sheet asset. MARA just made its biggest bet on that thesis.Key takeawaysMARA Holdings signed a definitive agreement to acquire a 1,200-acre powered site in Matagorda County, Texas, with up to 2 GW of grid capacity targeted by April 2028, at an aggregate purchase price of up to $600 million.The deal would lift MARA's total portfolio capacity to approximately 4.8 GW (including the pending Long Ridge acquisit…
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