MARA shares rose about 15% after the Bitcoin miner announced plans to acquire a Texas site with up to 2 GW of power for AI computing and Bitcoin mining.

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.