Texas Gets a Power and Data Boost from MARA and MPLX

In a significant move, MARA Holdings and MPLX LP are collaborating to construct power plants and data centers in West Texas. This initiative aims to leverage natural gas from MPLX's facilities to power MARA's operations, starting with 400 MW of electricity and potentially expanding to 1.5 GW. The generated power will support both MARA's data centers and MPLX's regional operations.

Executive Excitement

The leadership of both companies is optimistic about the partnership. Maryann Mannen, CEO of MPLX, believes this deal enhances their natural gas operations. Fred Thiel, CEO of MARA, is pleased about utilizing affordable local gas to power efficient data centers. The initial phase will focus on mining operations, with plans to advance into AI and high-performance computing.

Strong Third-Quarter Results for MARA

MARA recently released its third-quarter 2025 results, showcasing impressive growth:

• Revenue: $252 million, up 92% from the previous year.
• Net Income: Shifted from a loss of $125 million to a profit of $123 million.
• Adjusted EBITDA: Surge of 1,671% to $395.6 million.

Additionally, MARA's computing power (hashrate) increased by 64% to 60.4 EH/s, and their bitcoin holdings nearly doubled to 52,850 BTC.

Market Reaction

Despite the positive financials, MARA's stock dipped 2.3% in early trading. This decline aligns with broader market trends, as both crypto and traditional markets experienced a downturn.

Future Prospects

This project positions West Texas as a potential hub for advanced computing. However, the impact on MARA's stock remains uncertain. Only time will reveal whether this strategic move will sustain growth or face further challenges.