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MARA shares soar as Bitcoin miners acquire large power plots in Texas

2026-07-10 00:50:36
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MARA Holdings deepens its strategic layout: The U.S. power grid is the real asset of value

Publicly traded bitcoin mining giant MARA Holdings is making further bets that the asset really worth owning is not the cryptocurrency itself, but the U.S. power grid. Shares rose after the company announced the deal Thursday.

The Miami-based company announced on Thursday that it has reached an agreement with synthetic fuel developer HIF USA to acquire more than 1200 acres of land in Matagoda Da County, Texas, about 90 miles southwest of Houston. The land has significant grid access capacity: 1 gigawatt by October 2027 and up to 2 gigawatts by the following spring.

MARA plans to turn the site into a computing park, developed jointly with Starwood Digital Ventures. The park can accommodate artificial intelligence data centers and energy-intensive Bitcoin mining equipment. HIF originally planned to use the site for its own fuel production projects, but will retain a minority stake once a counting tenant signs the lease and said it will continue to advance its fuel projects in Texas and elsewhere.

According to market data, MARA\'s share price rose more than 15% on the day, most recently reported at US$13.87, pushing the company\'s monthly gain of more than 4%. Since entering 2026, MARA\'s share price has risen by more than 54% due to large-scale AI computing demand and the ensuing enthusiasm from investors.

The deal is the latest sign of the unusual convergence trend reshaping the power industry: Companies once known purely for Bitcoin mining are transforming into infrastructure developers competing to chase scarce power resources urgently needed by artificial intelligence companies.

MARA said the deal, once fully completed, will push its total power asset portfolio to nearly 4.8 gigawatts-including a previously announced acquisition of an Ohio power plant-large enough to rival some regional utilities.

Fred Thiel, Chairman and CEO of MARA, said in a statement: \"This transaction advances our strategy of acquiring strategic infrastructure assets that can support high-performance computing and Bitcoin workloads. As demand for digital infrastructure continues to grow, we believe sites with reliable, scalable power will become increasingly valuable. This acquisition significantly expands our long-term development pipeline, enhances our ability to support high-performance computing, and maximizes the value of this power over time. \"

For Matagoda Da County, a rural area on the Gulf Coast of Texas, the commitment is more specific: Company officials say the project will create thousands of construction and permanent jobs as MARA continues to invest more than $1.2 billion in the state.

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