MARA Holdings has signed a definitive agreement to acquire a 1,200-acre powered development site in Matagorda County, Texas, from HIF USA, strengthening its push into AI infrastructure alongside its core Bitcoin mining business.

The site, located about 90 miles southwest of Houston, is expected to receive up to 1 GW of grid capacity by late 2027 and as much as 2 GW by April 2028, providing a foundation for a large-scale digital infrastructure campus.

The facility will be developed in partnership with Starwood Digital Ventures to support high-performance computing customers as well as flexible compute operations, including Bitcoin mining.

MARA said prospective HPC tenants have already expressed interest in the project. Under the agreement, HIF will continue advancing its sustainable fuels business at other locations while retaining a minority interest in the project after an HPC tenant signs a lease.

The acquisition is expected to increase MARA’s potential power portfolio to roughly 4.8 GW once combined with its pending purchase of Long Ridge Energy & Power.

Phased construction is scheduled to begin in 2026 pending regulatory approvals, with the project expected to generate thousands of construction and permanent jobs while expanding MARA’s long-term presence in Texas.