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MARA Expands AI Infrastructure With Texas Site Acquisition As Stock Jumps

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MARA Expands AI Infrastructure With Texas Site Acquisition As Stock Jumps
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MARA Holdings, a Bitcoin mining company, is expanding into artificial intelligence infrastructure by buying a 1,200-acre powered site in Texas. After the announcement, its shares rose more than 12%. The company expects the site to offer 1 gigawatt of grid capacity by October 2027, growing to 2 gigawatts by April 2028, to support large-scale AI computing and Bitcoin mining.

MARA announced that it has signed a definitive agreement to acquire the site from HIF. The company said the location is well suited for developing next-generation digital infrastructure and has already attracted interest from potential high-performance computing (HPC) tenants.

This deal comes after MARA’s $1.5 billion purchase of Long Ridge Energy & Power earlier this year, showing its plan to move beyond Bitcoin mining into AI and data centre infrastructure. Working with Starwood Digital Ventures, MARA aims to turn the Texas site into a large digital campus for AI workloads, flexible computing, and Bitcoin mining.

According to the agreement, HIF will keep a minority stake once a high-performance computing lease is signed. MARA expects to start building the campus in phases later this year, pending regulatory approval.

The market responded well to the news. MARA shares rose to about $13, up more than 12% for the day and over 45% so far this year, beating many other crypto stocks. This latest deal is part of a wider trend, as more Bitcoin miners invest in AI infrastructure to diversify their income and meet rising demand for high-performance computing.

 

 

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Written by
Kapil Rajyaguru -

Kapil Rajyaguru is a news editor at 3.0 TV with over 15 years of professional writing experience and more than four years dedicated to the cryptoverse.

An engineer by education and a writer by passion, Kapil brings a rare mix of technical insight and storytelling finesse. A firm believer that cryptocurrencies, blockchain and AI are the building blocks of the future, he crafts in-depth news and analysis to educate, empower and prepare the masses for the next frontier of Web3.

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