MARA Holdings plans to build a mining park in Texas for $600 million, causing its stock price to rise by approximately 18%

MARA Holdings plans to invest up to $600 million to build digital infrastructure and a Bitcoin mining park in Texas. The project is expected to have a grid connected capacity of 1 gigawatt by October 2027 and 2 gigawatts by the second quarter of 2028. As a result of this news, MARA Holdings' stock price rose about 18% in early Thursday trading.