Bitcoin Miner MARA Buys Texas Power Site to Chase the AI Boom
MARA Holdings agreed to pay up to $600 million for a 1,200-acre powered site in Matagorda County, Texas, aiming to more than double its total power portfolio to about 4.8 gigawatts. The bitcoin miner plans to build an AI and bitcoin computing campus with Starwood Digital Ventures, betting that leasing power to AI hyperscalers is worth more than mining alone.