MARA signs deal for 1,200-acre Texas powered-land site with up to 2 GW of grid capacity

MARA signed a definitive agreement with HIF USA to acquire a powered-land site of more than 1,200 acres in Matagorda County, Texas, about 90 miles southwest of Houston. The site is expected to reach up to 1 GW of grid capacity by October 2027 and up to 2 GW by April 2028, and it will be developed with Starwood Digital Ventures. The price is paid in milestone payments, with a $600 million total, tied to approvals, power access and a data center lease.

• Site of more than 1,200 acres, about 90 miles southwest of Houston
• Up to 1 GW of grid capacity by October 2027 and up to 2 GW by April 2028
• Aggregate price up to $600 million, paid as post-closing milestone payments
• HIF keeps a minority stake after a lease with an HPC tenant is signed
• Full energization with Long Ridge would take MARA to about 4.8 GW