MARA stock surged 14% after Marathon Digital announced a $600M milestone-based deal to build a 2 GW AI and Bitcoin mining campus in Matagorda County, Texas.

Marathon Digital plans to acquire 1,200 acres in Texas for a 1GW data center, targeting 2GW by 2028 as it builds out its Bitcoin mining infrastructure

MARA Holdings has agreed to purchase a sizable plot of land in Texas to power its Bitcoin mining and growing AI compute ambitions.