MARA Acquires 1,200 Acres for Bitcoin Mining and Power Grid

MARA Holdings (MARA) announced it will acquire a 1,200-acre land plot in Matagorda County, Texas, for developing a computing campus. The site is expected to have access to 1 gigawatt of electrical grid capacity by October 2027, increasing to 2 gigawatts by spring 2028. MARA's stock rose over 15% to $13.87, contributing to a year-to-date increase of over 54%. This strategic acquisition aligns with the growing demand in digital infrastructure, potentially benefiting ordinary investors through increased company revenue and job creation in the region.