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Heurist Finance

MARA Holdings agrees to acquire a massive 2-gigawatt powered land site in Texas for $600 million.

Yahoo Finance ·
MARA Holdings agrees to acquire a massive 2-gigawatt powered land site in Texas for $600 million.
  • MARA Holdings announced a deal with synthetic-fuels developer HIF USA to acquire over 1,200 acres in Matagorda County, Texas, for $600 million.
  • The site is expected to provide up to 1 gigawatt of electrical grid capacity by October 2027, potentially expanding to 2 gigawatts by the following spring.
  • The acquisition will increase MARA's total power portfolio to nearly 4.8 gigawatts, positioning the company as a significant infrastructure player alongside regional utilities.

Quotes

“This transaction advances our strategy of securing strategically located infrastructure assets capable of supporting high-performance compute and Bitcoin workloads.”— Fred Thiel, Chairman and CEO of MARA Holdings
“As demand for digital infrastructure continues to grow, we believe sites with access to reliable, scalable power will become increasingly valuable.”— Fred Thiel, Chairman and CEO of MARA Holdings

Sources