Mara Holdings has agreed to purchase a large plot of land in Texas with up to 2 gigawatts of power capacity. The deal supports the company's Bitcoin mining operations and expanding AI computing efforts. Shares of the company rose about 15 percent following the announcement.
Mara Holdings announced the land acquisition in Texas. The site provides up to 2 GW of power, which the company plans to use for both Bitcoin mining and AI compute activities.
The Bitcoin miner confirmed it has agreed to the purchase of the sizable powered land plot. This move aligns with its strategy to grow infrastructure for digital asset mining and related computing demands.
Stock prices for Mara responded positively to the news. Shares increased approximately 15 percent after the announcement became public.
