Marathon Digital Agrees to Acquire 2 GW Texas Power Campus, Shares Jump 13%

MARA-4.80%
BTC1.66%
Marathon Digital Holdings (MARA) announced today it has agreed to acquire a 1,200-acre powered site in Matagorda County, Texas, through a partnership with Starwood Digital Ventures and HIF USA to support AI and bitcoin infrastructure operations. The site will provide initial access to 1 GW of grid capacity by October 2027, expanding to 2 GW by April 2028. MARA shares surged over 13% following the announcement. The acquisition significantly expands the company's long-term power portfolio capacity to approximately 4.8 GW when combined with its previously announced Long Ridge Energy & Power acquisition. Phased construction is expected to begin in 2026.
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