MARA Holdings has agreed to acquire a 1,200-acre powered land site in Matagorda County, Texas, a move that would materially expand the company’s future power capacity as it pushes further into digital infrastructure beyond bitcoin mining. The property is located roughly 90 miles southwest of Houston and is slated to support a large campus for high-performance computing, flexible compute workloads, and bitcoin mining.
Power timeline and site plans
According to the company’s disclosed plans, the Texas site is expected to have access to an initial 1 gigawatt of grid capacity by October 2027. That figure is projected to rise to 2 gigawatts by April 2028. MARA said it intends to develop the property together with Starwood Digital Ventures.
The project is framed as a large-scale digital infrastructure campus rather than a single-purpose mining buildout. MARA said the location is being prepared to serve several categories of compute demand, including high-performance computing and other flexible operations alongside bitcoin mining.
Potential effect on MARA’s portfolio
If the site is energized as planned, MARA said the deal could raise its potential portfolio capacity to about 4.8 GW. That estimate also assumes the anticipated closing of MARA’s agreement to acquire Long Ridge Energy & Power.
The company also indicated that the Matagorda County property has already attracted interest from potential high-performance computing tenants. If a lease is ultimately signed, HIF would retain a minority ownership stake in the project. The source article did not provide further detail on the identity of the interested tenants or the terms under discussion.
Buildout schedule and investment
Construction is expected to begin in 2026, although the start of work remains subject to regulatory approvals. MARA said the development is expected to support thousands of construction jobs as well as permanent full-time roles once the campus is built and operating.
The company also pointed to its existing footprint in the state, saying it has already invested more than $1.2 billion in Texas and plans further substantial investment. The source article did not specify the purchase price for the Matagorda County site or the total projected cost of the development.
A broader shift in strategy
The transaction reflects a wider shift in how major crypto mining companies are positioning themselves. In MARA’s case, the emphasis is no longer only on operating bitcoin mining facilities, but also on controlling access to large-scale power and developing sites that can host multiple types of compute demand. That includes customers linked to AI model development and high-performance computing, where power availability has become a critical constraint.
In that context, the Texas acquisition is notable less for immediate operating output than for the amount of future capacity it could unlock. Much of the project remains tied to future milestones, including regulatory approvals, the energization schedule, possible tenant leasing, and the anticipated Long Ridge closing.
Source: news.bitcoin.com