MARA Holdings runs a bitcoin mining site on land at Constellation's Wolf Hollow power plant on Mitchell Bend Highway near Granbury. Compute North built the site in 2022, and Generate Capital owned it, with Hut 8 managing operations, until MARA bought it together with a Kearney, Nebraska, site in early 2024. Neighbors have sued over noise in state court (filed 2024) and in federal court (filed 2026). MARA has shut some air-cooled units, added sound barriers and moved miners to immersion cooling.
In February 2026 Starwood and National CRE Holdings filed a concept plan with Hood County, called Project Red, for AI data center buildings at the Wolf Hollow site that would reuse the mine's power and water. The county did not approve it, and the developers' appeal is pending.
| Distance | Site | About |
|---|---|---|
| 1.00 miles | Starwood: Project Yellow (Granbury) |
Project Yellow is a proposed hyperscale data center development on about 538 acres next to the Wolf Hollow power plant near Granbury, Hood County; the county did not approve it and the developers have appealed.
|
| 2.93 miles | Big Digital Energy: Hood County |
Big Digital Energy and 10NetZero are converting the former Cowtown gas processing plant in Hood County, Texas, into an AI and HPC data center campus.
|
| 4.43 miles | Pacifico Energy: Fort Spunky |
Pacifico Energy proposed a data center and power campus near Fort Spunky in eastern Hood County, Texas; the county revoked its concept plan in March 2026 and Pacifico has sued.
|
| 5.11 miles | North RidgeInterested in this information?Contact us | Data center facility details are available on request.Interested in this information?Contact us |
| 6.36 miles | Black Mountain: Glen Rose |
Black Mountain Power plans a gas-fired power plant and a data center campus on about 460 acres along FM 56 north of Dinosaur Valley State Park, near Glen Rose, Texas.
|
| 7.78 miles | Bilateral Energy: Project Patriot |
Project Patriot is Bilateral Energy's proposed data center and power campus on the Knox Ranch west of Granbury, Hood County, Texas, now tied up by a residents' lawsuit.
|
| 7.92 miles | Sailfish: Project Lion |
Sailfish Investors' proposed two-building data center on 121 acres off Hill City Highway south of Tolar, Hood County, Texas, filed by affiliate Panther Generation LLC between the Comanche Circle tracts. Hood County denied its on-site permit in 2026.
|
| 8.20 miles | Sailfish: Project Panther |
Sailfish Investors' proposed four-building data center on 300 acres off Paluxy Highway (FM 51) south of Tolar, Hood County, Texas, filed by affiliate Panther Generation LLC between the Comanche Circle tracts. Hood County denied its on-site permit in 2026.
|
| 8.82 miles | Sailfish: Comanche Circle Expansion |
Later phases of Sailfish Investors' proposed Comanche Circle park: 27 planned buildings on a 969-acre central ranch tract and a 411-acre tract on Hill City Highway (FM 56), south of Tolar in Hood County.
|
| 9.63 miles | Sailfish: Comanche Circle 1 |
First phase of Sailfish Investors' proposed Comanche Circle park: 18 planned buildings on a 721-acre ranch tract along Paluxy Highway (FM 51) south of Tolar, Hood County, beside the site NRG had proposed for an on-site gas plant.
|
MARA Holdings (NASDAQ: MARA), formerly Marathon Digital Holdings, is one of the largest publicly traded Bitcoin miners in North America and the holder of one of the largest corporate BTC treasuries. Founded in 2013 and headquartered in Fort Lauderdale, Florida, the company is led by CEO Fred Thiel. Operations span large-scale mining campuses in West Texas (Garden City, Granbury, Permian Basin), Kearney NE, Paraguay (Hernandarias), and Abu Dhabi.
On the Q1 2026 earnings call (reported May 11, 2026), Thiel reframed MARA as a "digital energy" company rather than a Bitcoin miner, describing the quarter as "a redefining quarter, not an incremental one." Management's stated identity going forward: "MARA deploys digital energy technologies to advance the world's energy systems and transforms excess energy into digital capital."
The pivot is being executed across three vectors:
New capital is flowing to AI/HPC infrastructure and owned power generation (Exaion, Long Ridge), not to new mining hashrate. Mining continues at existing campuses as a near-term cash generator and as a flexible load that can be displaced by higher-value compute as AI tenant demand materializes.
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