Texas Gets a Power and Data Boost from MARA and MPLX

In a big move, MARA Holdings and MPLX LP are teaming up to build power plants and data centers in West Texas. This isn't just any project; it's a plan to use natural gas from MPLX's plants to fuel MARA's power facilities. The goal? To start with 400 MW of electricity and maybe even grow to 1. 5 GW. This power will support MARA's data centers and also help MPLX's operations in the area. The big bosses at both companies are pretty excited. MPLX's CEO, Maryann Mannen, thinks this deal makes their natural gas operations even stronger. Meanwhile, MARA's CEO, Fred Thiel, is happy about using cheap local gas to run efficient data centers. The plan is to start with mining operations and eventually move on to advanced AI and high-performance computing. But that's not all. MARA just dropped their third-quarter results for 2025, and they're looking good. Revenues jumped to $252 million, up 92% from last year. Net income went from a loss of $125 million to a profit of $123 million. And their adjusted EBITDA? It skyrocketed by 1, 671% to $395. 6 million. MARA's computing power, or hashrate, also got a boost, climbing 64% to 60. 4 EH/s. Their bitcoin holdings nearly doubled to 52, 850. But even with all this good news, MARA's stock took a small hit, down 2. 3% in early trading. It seems the broader market is having a rough day, with both crypto and traditional markets taking a dive. This project is a big deal for West Texas. It's not just about power; it's about creating a hub for advanced computing. But will it be enough to keep MARA's stock from taking more hits? Only time will tell.