MARA Holdings is acquiring a 1,200-acre powered land site in Matagorda County, Texas, with plans to develop a digital infrastructure campus capable of scaling to 2 gigawatts of grid capacity
MARA Holdings is acquiring a 1,200-acre powered land site in Matagorda County, Texas, with plans to develop a digital infrastructure campus capable of scaling to 2 gigawatts of grid capacity for AI workloads and bitcoin mining.
MARA and HIF announced on July 9, 2026 that MARA will acquire the large-scale powered site, located about 90 miles southwest of Houston in Matagorda County. The campus is intended to support both high-performance computing and Bitcoin mining, according to the company's press release. For related coverage, see Impact of US Winter Storm on Bitcoin Mining.
The site spans more than 1,200 acres, making it one of the larger single-site acquisitions by a publicly traded bitcoin miner in recent years. For related coverage, see Congress Debates U.S. 1M Bitcoin Reserve Proposal.
Site footprint 1,200+ acres MARA said the Matagorda County site spans more than 1,200 acres, establishing the physical scale of the planned AI and bitcoin campus. Source: MARA Holdings.What to Know
The deal comes as MARA has been pivoting toward AI and high-performance computing alongside its core mining operations. The Texas acquisition gives the company a single campus with grid access at a scale few competitors can match. For related coverage, see Bitcoin Mining Costs and Geopolitical Implications.
MARA said the site is expected to provide access to up to an initial 1 GW of grid capacity by October 2027, with the potential to reach up to 2 GW by April 2028.
Planned power ramp 2 GW by April 2028 MARA said the site is expected to reach up to an initial 1 GW by October 2027 and up to 2 GW by April 2028. Source: MARA Holdings.The power timeline is contingent on regulatory approvals and the site being authorized to receive power. MARA's press release noted that phased construction is expected to begin in 2026, but ERCOT approval timing remains a key variable for both capacity milestones.
An 8-K filing with the SEC disclosed that the acquired project company holds rights under a letter agreement with an electric utility company relating to the provision of 2,000 megawatts of power capacity to the site. That filing also revealed that MARA's subsidiary Volt Texas, LLC entered the purchase agreement on July 2, 2026, with the transaction closing simultaneously upon execution.
If fully energized, the Texas campus would bring MARA's total portfolio capacity to approximately 4.8 GW. That scale positions the company well ahead of most publicly traded miners, though actual deployment depends on construction progress and grid interconnection timelines.
MARA plans to develop the site through its partnership with Starwood Digital Ventures, which the two companies announced in February 2026. That partnership initially targeted approximately 1 GW of near-term IT capacity with a pathway to more than 2.5 GW across the broader digital infrastructure buildout.
The Texas acquisition fills a significant portion of that pipeline with a single site. The dual-use design, supporting both AI workloads and bitcoin mining, reflects a broader industry trend where miners are repositioning their power assets to capture demand from hyperscale data center operators.
The SEC filing disclosed that the aggregate purchase price could reach $600.0 million if all milestones are achieved. The milestone-based structure means MARA's total outlay depends on whether the site hits its power and permitting targets, reducing upfront capital risk.
HIF retains a minority equity interest in the project company, aligning the seller's incentives with successful site development. The structure gives MARA control of the campus while sharing some execution risk with the original developer.
The announcement arrives during a period of extreme fear in crypto markets, with the Bitcoin Fear and Greed Index at 23 and bitcoin trading near $63,958. Bitcoin's network hash rate sits above 871 EH/s, underscoring the ongoing infrastructure buildout across the mining sector even as sentiment remains cautious.
MARA has not disclosed specific revenue projections or tenant commitments for the AI computing portion of the campus. The distinction between announced plans and completed deployment remains significant: the 2 GW target is a stated goal tied to approvals and construction, not live capacity available today.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
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