Marathon Digital’s land deal in Texas includes up to 2 gigawatts of grid capacity by 2028, fueling AI and crypto infrastructure expansion.
Marathon Digital Holdings (MARA) announced the acquisition of a 1,200-acre site in Matagorda County, Texas, with access to 1 gigawatt of electrical grid capacity by October 2027 and up to 2 gigawatts by spring 2028. The deal positions the company to develop a computing campus for AI data centers and Bitcoin mining operations alongside Starwood Digital Ventures.
MARA shares jumped over 15% to $13.87, extending its 2026 gain to 54% amid rising demand for AI compute power and infrastructure investments. The transaction reflects a broader trend of Bitcoin miners diversifying into energy and data center infrastructure.
HIF USA, the original developer, will retain a minority stake in the project once a computing tenant signs a lease, while continuing its synthetic-fuels initiatives elsewhere.