Why it matters
The strategic read
Adds another miner-to-AI infrastructure lane where the scarce asset is powered Texas land, not just existing mining load. MARA is stacking a second gigawatt-class development beside Long Ridge, using HIF land and Starwood data-center development capacity to turn grid access into optional HPC, flexible compute and Bitcoin mining infrastructure. The release still lacks a signed tenant and final transaction economics, but the definitive agreement, 1,200-acre site, switchyard notice-to-proceed and up-to-2-GW power path clear the Deal Room threshold.
Source-supported terms
What was disclosed
- 01
MARA and HIF announced on July 9, 2026 that they entered into a definitive agreement for MARA to acquire a large-scale powered land site in Matagorda County, Texas.
- 02
The site is located about 90 miles southwest of Houston and encompasses more than 1,200 acres.
- 03
MARA said the site is expected to provide access to up to an initial 1 GW of grid capacity by October 2027.
- 04
MARA said the site is expected to provide access to up to 2 GW by April 2028.
- 05
MARA intends to develop the site through its previously announced partnership with Starwood Digital Ventures.
- 06
The planned campus is intended to support high-performance computing workloads, flexible compute operations and Bitcoin mining.
- 07
MARA said the site has already received interest from potential HPC tenants.
- 08
HIF will retain a minority ownership interest in the project upon execution of a lease with an HPC tenant.
- 09
HIF said it has given notice to proceed for construction on the switchyard to connect the site to the grid.
- 10
MARA said phased construction of the digital-infrastructure campus is expected to begin in 2026, contingent upon regulatory approvals.
- 11
Upon full energization, MARA said the site is expected to more than double its potential power capacity to approximately 4.8 GW across its portfolio, including the anticipated close of Long Ridge.
- 12
MARA said it has invested more than $1.2B in Texas to date and expects the development to support thousands of construction and permanent full-time jobs upon completion.
Disclosure boundary
What is known—and what is not
Primary MARA / HIF company release announcing a definitive powered-land acquisition agreement. Public materials disclose the buyer, seller, Matagorda County site, 1,200+ acre footprint, expected 1 GW and 2 GW grid-capacity milestones, Starwood Digital Ventures development role, HPC / flexible compute / Bitcoin mining use cases, potential HPC tenant interest, HIF minority ownership path after an HPC lease, switchyard notice-to-proceed, 2026 phased-construction target, regulatory-approval contingency, and MARA portfolio power-capacity context. Public materials do not disclose the purchase price, full purchase agreement, land title package, tenant identities, signed HPC lease terms, grid-service agreement, interconnection cost allocation, power pricing, switchyard contractor, financing stack, campus capex, data-center design, cooling system, water commitments, tax incentives, final permits, customer remedies, termination rights or whether the full 2 GW path will be energized on the stated timeline.