The stock surged 15% to $13.82 during Thursday's midday trading, extending a three-month rally that has seen the company’s value climb 42%. This latest move involves a strategic partnership with HIF USA, which will retain a minority stake in the project. MARA plans to develop the Texas site in collaboration with Starwood Digital Ventures, aiming to establish a specialized campus for intensive computing tasks.

Development timelines suggest a rapid integration of power resources. The company expects the site to provide an initial 1 gigawatt of grid capacity by October 2027, scaling to 2 gigawatts by April 2028. Once completed—and accounting for the pending Long Ridge Energy & Power acquisition—MARA’s total portfolio capacity is projected to reach 4.8 gigawatts. While the financial terms of the agreement remain private, the scale of the infrastructure footprint underscores a shift toward securing large-scale, pre-powered land assets to facilitate future growth.