Marathon Digital’s acquisition of a 1,200-acre Texas site aims to double its power capacity to 4.8 GW for AI and Bitcoin operations.
Marathon Digital Holdings (NASDAQ: MARA) announced the acquisition of a power-backed land site in Matagorda County, Texas, for up to $600 million. The deal includes rights to 2,000 MW of capacity, expanding MARA’s portfolio to approximately 4.8 GW, more than doubling its current capacity.
The 1,200-acre site, located 90 miles southwest of Houston, is slated for a digital infrastructure campus supporting AI, high-performance computing, and Bitcoin mining. The purchase price depends on regulatory approvals and development milestones, with an implied cost of $300,000 per MW at full capacity.
MARA shares rose 18% to $14.18 in early trading following the announcement. The site is expected to provide initial grid capacity of 1 GW by October 2027 and up to 2 GW by April 2028, pending regulatory clearances.