MARA Holdings to Commit Up to $600M to Texas Bitcoin Mining Campus; Shares Jump 18%

AI Market Summary

MARA Holdings' plan to invest up to $600M in a Texas mining campus signals accelerating capacity buildout, targeting 1 GW grid-connected by 2027 and 2 GW by mid-2028. The 18% share jump indicates investors are repricing MARA's longer-duration growth and potential operating leverage to network conditions, while highlighting rising competition for power procurement and infrastructure scale across the mining sector.

Impact level

● Medium

Affected assets

NCSKMARA2USD/USDT+4.41%

AI Insight · NCSKMARA2USD/USDTAI Insight

▲ Bullish

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MARA Holdings said it will invest as much as $600 million to develop digital infrastructure and a Bitcoin mining campus in Texas. The company expects the site to reach 1 gigawatt of grid-connected capacity by October 2027 and expand to 2 gigawatts in the second quarter of 2028. MARA shares surged about 18% in early Thursday trading after the announcement.

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