MARA acquires 1,200-acre powered land site in Texas with up to 2 GW capacity for $600M milestone payments

MARA Holdings, Inc.

Acquired from HIF USA LLC a site in Matagorda County, TX, with access to up to 2 GW of power capacity; closed July 2, 2026.
Aggregate purchase price up to $600M in milestone payments tied to regulatory approvals, power authorization, and HPC lease.
Site expected to provide initial 1 GW by Oct 2027 and up to 2 GW by Apr 2028; more than doubles MARA's potential power capacity to ~4.8 GW.
MARA to develop site with Starwood Digital Ventures for HPC and Bitcoin mining; HIF retains minority interest upon HPC lease.
MARA has invested over $1.2B in Texas; site expected to support thousands of construction and permanent jobs.

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