MARA To Acquire 1,200-Acre Texas Site Providing 2 GW Power by 2028
MARA•MARA will acquire a 1,200-acre powered land site in Matagorda County, Texas from HIF, securing up to 2 GW of grid capacity by April 2028 for HPC and Bitcoin mining. HIF retains a minority stake and construction beginning in 2026 will expand MARA’s portfolio to 4.8 GW and create thousands of jobs.
1. Deal Overview
MARA will acquire a 1,200-acre powered land site in Matagorda County, Texas from HIF, securing up to 1 GW of grid capacity by October 2027 and 2 GW by April 2028. HIF will retain a minority ownership interest upon execution of a lease with a high-performance computing tenant.
2. Strategic Rationale
The site will serve as a digital infrastructure campus through MARA’s partnership with Starwood Digital Ventures, hosting high-performance computing and flexible compute operations including Bitcoin mining. Combined with the anticipated Long Ridge transaction, this acquisition will raise MARA’s projected power capacity to 4.8 GW across its portfolio.
3. Economic Impact and Timeline
Phased construction will begin in 2026 pending regulatory approvals, with development expected to generate thousands of construction and permanent jobs in Texas. MARA has invested over $1.2 billion in Texas to date, reinforcing its strategy of balancing the grid and driving local economic growth.
