MARA Buys Texas Site From HIF in $600M Bitcoin, AI Deal
The post MARA Buys Texas Site From HIF in $600M Bitcoin, AI Deal appeared on BitcoinEthereumNews.com. The 1,200-acre Matagorda County site was previously slated for a $7 billion HIF Global e-fuels plant backed by Texas Gov. Greg Abbott before HIF pivoted to power computing instead. MARA Holdings said Thursday it signed a definitive agreement with HIF to acquire a powered land site of more than 1,200 acres in Matagorda County, Texas, in a post on its official X account. The site will carry up to 1 gigawatt of grid capacity by October 2027 and up to 2 gigawatts by April 2028, subject to approval from Texas grid operator ERCOT. The deal is not an upfront cash purchase. It is structured as up to $600 million in milestone-based payments tied to regulatory approvals, land access and eventually a signed data-center tenant, according to an SEC filing MARA disclosed, as reported by The Block. MARA shares rose roughly 14% in early trading Thursday on the news, The Block reported. HIF Global had