MARA acquires 1,200-acre Texas site with 2 GW power capacity for up to $600M

Filed July 9, 2026 · Period ending July 2, 2026 · ~1 min read

Key Changes

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  MARA acquired a 1,200-acre Texas site with rights to 2,000 megawatts of power capacity (1 GW by Oct 2027, 2 GW by Apr 2028) for up to $600M in milestone payments tied to regulatory approvals, land acquisition, power authorization, and tenant leasing.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
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  Upon full energization, the site is expected to more than double MARA's potential power capacity to approximately 4.8 GW across its portfolio (including the anticipated Long Ridge Energy & Power acquisition).

  Exhibit 99.1 verify on EDGAR →
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  MARA intends to develop the site as a digital infrastructure campus for high-performance computing and Bitcoin mining through its partnership with Starwood Digital Ventures; the site has already received interest from potential HPC tenants.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →