MARA and MPLX Collaborate on Power Generation in Texas

MARA Holdings and MPLX have announced a letter of intent to establish integrated power generation and data center campuses in West Texas. This initiative will commence with a 400 MW capacity, expandable to 1.5 GW. MPLX will provide natural gas from its Delaware Basin processing plants to fuel MARA’s gas-fired power facilities, enhancing energy reliability for both companies. This move is significant for both the energy and computing infrastructure sectors, with MARA planning to transition support from mining operations to advanced AI and high-performance computing applications. In conjunction with this partnership, MARA reported impressive third-quarter earnings for 2025, achieving a net income of $123 million and adjusted EBITDA up by 1,671% to $395.6 million. Revenue soared by 92% year-over-year to $252 million, with the company’s hashrate increasing by 64% to 60.4 EH/s and bitcoin holdings nearly doubling to 52,850, despite a slight decline in stock price amid broader market sell-offs.

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