MARA gains 14% after unveiling 2 GW Texas AI and bitcoin mining campus plan

The Block·

MARA gains 14% after unveiling 2 GW Texas AI and bitcoin mining campus plan

60-second summary

MARA is gaining 14% after unveiling a 2 GW Texas AI and bitcoin mining campus plan, partnering with a private developer, with the deal structured as up to $600 million in milestone-based payments.

The deal isn't an upfront purchase, but is structured instead as up to $600 million in milestone-based payments