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MARA Stock Jumps on 2 GW Texas Power Site Acquisition
The deal could more than double Marathon Digital’s power capacity to about 4.8 gigawatts as it seeks AI and high-performance compute leases.
- Marathon Digital announced its acquisition of a 1,200-acre powered land site in Matagorda County, Texas from HIF USA and Starwood Digital Ventures on Thursday, targeting 2 GW of power capacity by April 2028.
- Shares of MARA surged 19% on Thursday, outpacing peers RIOT and CLSK as investors responded to the company's expanded infrastructure strategy.
- CEO Fred Thiel stated, "This transaction advances our strategy of securing strategically located infrastructure assets," confirming the company's pivot toward high-performance computing infrastructure.
- While WULF holds $13 billion in contracted AI revenue anchored by Google, Marathon Digital faces investor pressure to secure a hyperscaler anchor tenant for its new Texas development.
- Full energization of the Matagorda site will double total power capacity to about 4.8 GW, factoring in the pending Long Ridge acquisition of a 505 MW gas plant in Ohio.
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MARA Is Up 19% Today: Is It Outperforming Other Crypto Stocks Like Riot and CleanSpark?
Shares of Marathon Digital (NASDAQ:MARA) are up 18% in midday trading Thursday, changing hands at $14.27. The move puts Marathon Digital stock at the top of the crypto miner leaderboard on July 9, 2026, ahead of peers Riot Platforms (NASDAQ:RIOT), CleanSpark (NASDAQ:CLSK), and TeraWulf (NASDAQ:WULF), all of which are also higher. The rally caps a ... MARA Is Up 19% Today: Is It Outperforming Other Crypto Stocks Like Riot and CleanSpark?
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Coverage Details
Total News Sources13
Leaning Left1Leaning Right0Center2Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 33%
C 67%
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