Mara Holdings Eyes Texas Power Site for AI Expansion

Mara Holdings, the world's largest bitcoin mining company, has announced plans to acquire a power site in Texas for its AI expansion. The site covers 1,200 acres and will provide access to up to 2 gigawatts of power.

The company expects to gain initial access to 1 GW by October 2027 and expand to 2 GW by April 2028. Mara plans to develop the site into a digital infrastructure campus for high-performance computing (HPC) and bitcoin mining.

This move follows Mara's recent expansion drive, which includes acquiring Ohio-based Long Ridge Energy & Power in a deal valued at $1.5 billion and securing a 64% stake in French computing infrastructure operator Exaion.