MARA stock jumps after 2GW Matagorda land purchase

MARA Holdings agreed to acquire a 1,200‑acre powered land site in Matagorda County, Texas, from HIF USA, the company said before markets opened on July 9. The deal gives MARA rights to a 2 gigawatt power pipeline and coincided with a rise in the company’s share price.

Under the terms, MARA will make post‑closing milestone payments that could total up to $600 million. The energy pipeline is expected to deliver an initial 1 GW of grid capacity by October 2027 and expand to 2 GW by April 2028.

Company executives described the property as a powered site configured to support high‑performance computing and artificial intelligence workloads. MARA plans to develop the land with Starwood Digital Ventures to build a multi‑tenant digital infrastructure campus.

Management noted in a press release that it had already received early inquiries from potential high‑performance computing tenants interested in leasing space at the campus.

The company intends the campus to support flexible compute operations. Operators will have the option to alternate between bitcoin mining and AI training workloads based on demand.

The Matagorda purchase complements MARA’s pending $1.5 billion acquisition of Long Ridge Energy & Power in Ohio. Together, the two projects would increase MARA’s total potential development pipeline to about 4.8 GW of capacity.

Investors reacted to the announcement: MARA shares rose on the news and are trading more than 35% higher year‑to‑date. The company reported a steep first‑quarter net loss and has faced recent analyst price target reductions, which remain part of its financial context.