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.
MARA has entered into a definitive agreement with HIF to acquire a strategic powered land site in Texas. The site spans more than 1,200 acres with access to up to an initial 1 GW of grid capacity by October 2027 and up to 2 GW by April 2028, subject to ERCOT approval.
We intend… pic.twitter.com/OZ0DvKlZoQ
— MARA (@MARA) July 9, 2026
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