Why Mara Holdings Stock Spiked Today

Mara Holdings announced a major acquisition of over 1,200 acres of powered land from HIF USA for up to $600 million. The Texas site will provide access to 2 gigawatts of grid capacity by April 2028 and will be developed into a digital infrastructure campus for AI and high-performance computing workloads. The project is expected to more than double Mara's total power capacity to 4.8 GW, marking a strategic shift from Bitcoin mining to more lucrative computing services.