MARA Shares Climb After Texas Deal for 2 GW Power Site Boosts AI Push
Bitcoin miner MARA Holdings has agreed to acquire a Texas land plot with up to 2 GW of power capacity, sending its shares higher as it expands beyond mining into AI infrastructure.
AfroEuropa Newsroom
AfroEuropa desk
MARA Holdings, one of the largest publicly traded Bitcoin mining companies, has agreed to acquire a substantial land site in Texas with access to as much as 2 gigawatts of power capacity. The company said the deal is intended to support both its digital asset mining operations and its expanding artificial intelligence compute ambitions.
News of the transaction lifted the company's stock. According to Cointelegraph, MARA shares rose roughly 15% following the announcement, while Decrypt also reported a notable jump in the share price after the miner disclosed the agreement.
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