MARA Expands AI Infrastructure Strategy With Potential 2 GW Texas Site

Bitcoin miner MARA $MARA outlined plans to expand its artificial intelligence and energy infrastructure operations in its third-quarter 2026 shareholder letter, highlighting a Texas development site with up to 2 gigawatts of potential power capacity.
The company also reported that subsidiary Exaion secured a $79 million GPU-as-a-service contract, providing another source of potential revenue outside traditional Bitcoin mining.
MARA said it repaid $750 million in Bitcoin-backed debt following sales of $BTC and authorized a share repurchase program of up to $500 million. The measures reflect an effort to manage its balance sheet while investing in new infrastructure opportunities.
The strategy illustrates a broader shift among cryptocurrency miners toward AI computing and energy services. The financial benefits will depend on project execution, power availability, customer demand and the capital required to develop the facilities.