MARA · Marathon Holdings Inc.
AI read · Neutral
The AI's read
MARA’s power network gives it a starting point for serving AI computing demand. But up to 4.8 gigawatts still need approval, and some Texas sites may not get power until 2028. Build costs are at least $12 million per megawatt, and the computing business has no signed lease. Those limits balance the existing capacity, so this story does not change the outlook.