MARA Holdings Acquires Massive 1.2 GW Powered Site in Texas for AI and Bitcoin Mining
The acquisition more than doubles MARA’s total power capacity to ~4.8 GW for AI computing and Bitcoin mining.
The acquisition more than doubles MARA’s total power capacity to ~4.8 GW for AI computing and Bitcoin mining.
MARA missed earnings as losses grew, but mining hit records, and it’s shifting into AI and data centers for future growth with its $1.5B Long Ridge acquisition.
MARA buys Ohio power plant campus for $1.5B to expand AI/data centers, boosting power capacity and future growth.
MARA sold 15,133 Bitcoin for $1.1 billion to repurchase $1 billion in convertible notes at a 9% discount, saving $88 million and reducing its debt.
Ethereum climbs above $2,300 as BitMine adds $139.7M in tokens, ending mini-crypto winter per Tom Lee. ETF inflows return amid strong rally.
Bitcoin mining profits have tanked with BTC down ~50% from its 2025 peak. Miners like Core Scientific are selling holdings and shifting to AI to stay alive in tough times.