On July 21, MARA Holdings rose 8.01% in regular trading, trading at $12.575/share, with turnover of $375 million. The crypto mining sector continued its collective rally, with peers IREN up 4.04%, Circle up 7.81%, and Strategy up 3.76%.
On the news front, MARA recently signed a definitive agreement with HIF USA to acquire a site exceeding 1,200 acres in Matagorda County, Texas. The project is planned to deliver up to 1 gigawatt of grid capacity by October 2027, scaling to 2 gigawatts by April 2028, with cumulative acquisition costs of up to $600 million paid in milestone-based installments. MARA plans to develop the site into a large-scale digital infrastructure campus in collaboration with Starwood Digital Ventures, serving high-performance computing and Bitcoin mining demands. This acquisition follows MARA's broader strategic pivot toward energy and digital infrastructure, including its $1.52 billion purchase of Long Ridge Energy announced in April, which boosted its owned generation capacity by approximately 65%.
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