MARA Goes Big in Texas: 1,200 Acres, 2 Gigawatts, and One Bold Pivot Into AI 🏗️

Bitcoin miner MARA has agreed to acquire a more than 1,200-acre powered land site in Texas from HIF, the company announced in a press release. The site is expected to provide access to up to an initial 1 GW of grid capacity by October 2027 and up to 2 GW by April 2028, according to the release.

The transaction expands MARA's digital infrastructure footprint as it deepens its push into artificial intelligence beyond Bitcoin mining. The miner said the Texas site is well-positioned to support the development of next-generation, efficient digital infrastructure and has already attracted interest from potential High-Performance Computing ("HPC") tenants.

The Texas purchase comes roughly three months after MARA completed its $1.5 billion acquisition of Long Ridge Energy & Power. MARA is among several publicly listed Bitcoin miners reorienting operations toward AI and HPC workloads as margins from $BTC mining come under pressure.

MARA shares rose sharply on the news, though the company did not disclose a transaction value for the HIF deal. The miner joins peers including TeraWulf, which recently signed a 20-year deal tied to its own HPC expansion, in the broader industry pivot from pure-play Bitcoin mining to compute hosting for AI customers.