Matagorda County Texas powered land acquisition
Company: Marathon Digital
The claim, verbatim
MARA acquired a 1,200-acre site in Matagorda County, Texas for a maximum milestone-based price of $600 million with potential for 2 GW capacity.
Source (primary)
JPMorgan downgrades MARA to Underweight, cuts price target to $11 - Yahoo Finance (-, news_article)
View cached copy (2026-09-18)Live source ↗
Quote: “In July, it acquired a 1,200-acre site in Matagorda County, Texas , tied to as much as 2 GW for a maximum milestone-based price of $600 million.”
How we checked this
Checked on September 24, 2026. The cited source supports every part of this claim.
The article reports the July acquisition of the 1,200-acre Matagorda County site, tied to up to 2 GW, for a maximum milestone-based price of $600 million.
Confirmed in the source:
- MARA acquired a 1,200-acre site in Matagorda County, Texas
- The maximum milestone-based price is $600 million
- The site is tied to as much as 2 GW
What we did: Read our cached copy of the publisher (https://finance.yahoo.com/markets/stocks/articles/jpmorgan-downgrades-mara-underweight-cuts-174350336.html) in full (10,229 characters, retrieved September 18, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms JPMorgan downgrades MARA to Underweight, cuts price target to $11 - Yahoo Finance
Quote: “In July, it acquired a 1,200-acre site in Matagorda County, Texas , tied to as much as 2 GW for a maximum milestone-based price of $600 million.”