MARA Shares Surge on Texas AI Campus Deal

MARA Holdings shares rose about 15% after announcing plans to acquire a 1,200-acre Texas site with up to 2 GW of power capacity for AI computing and Bitcoin mining. The site in Matagorda county is expected to provide 1 GW by October 2027 and up to 2 GW by April 2028, more than doubling MARA's potential power capacity to about 4.8 GW.