MARA Pivots Hard Into AI and Power With 2 GW Texas Site
Bitcoin miner MARA laid out a major AI and energy buildout in its Q3 2026 shareholder letter, anchored by a Texas site with up to 2 GW of potential power capacity. Its subsidiary Exaion locked in a $79 million GPU-as-a-service contract, and MARA cleared $750 million in Bitcoin-backed debt while greenlighting a $500 million buyback.
- Original source: X account @Cointelegraph.
- The source published it on Nov 9, 2026 at 11:20 PM.
- No second outlet has reported it yet. Treat it as a single-source claim.
- It comes from X posts, not a news outlet.
MARA is pushing deeper into AI and energy infrastructure. In its Q3 2026 shareholder letter, the Bitcoin miner outlined expansion plans that include a Texas site capable of holding up to 2 GW of potential power capacity. That's a serious chunk of juice in a state already crowded with data center and mining demand.
The AI side of the business got a concrete win too. Subsidiary Exaion secured a GPU-as-a-service contract worth $79 million, giving MARA a signed revenue stream on top of its mining operations.
On the balance sheet, the company repaid $750 million in Bitcoin-backed debt, funding the move with $BTC sales. Clearing that obligation trims leverage tied to the volatile asset that has long defined MARA's business.
MARA also authorized a share buyback program of up to $500 million, a signal it wants to support its stock while it spends on power and compute. Together, the moves sketch a company repositioning itself around energy and AI demand rather than mining alone.
TopicsMARA · Exaion · Bitcoin · Texas · BTC
Source: x.com
Written by Paparazzi with AI. Not financial advice.
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