MARA and MPLX Collaboration Develops Integrated Power Generation in Texas

MARA Holdings has teamed up with MPLX to develop integrated power generation and data center campuses in West Texas, starting with a 400 megawatt (MW) facility and potentially expanding to 1.5 gigawatts (GW). This partnership follows impressive third-quarter results from MARA, which reported a net income of $123 million and adjusted EBITDA soaring by 1,671% to $395.6 million. The natural gas supplied by MPLX will fuel MARA’s planned gas-fired power plants, enhancing energy reliability for both companies. MPLX CEO noted the deal strengthens their natural gas value chain, while MARA expects to evolve the project to support advanced AI and high-performance computing workloads. Alongside the partnership announcement, MARA reported a 92% year-over-year revenue increase to $252 million and a significant rise in its hashrate to 60.4 EH/s, nearly doubling its bitcoin holdings to 52,850. Despite these accomplishments, MARA's stock fell by 2.3% in early trading, reflecting broader sell-offs in crypto and traditional markets.

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