MARA acquires majority stake in Texas 2,000MW computing power park project company for up to $600 million

Odaily Planet Daily News: MARA Holdings subsidiary Volt Texas has signed an agreement with HIF USA to acquire a majority stake in MAT 1177 LLC, which holds a Texas-based data infrastructure park project. The seller will retain a minority stake. The project company holds a letter of intent signed with a power company, planning to supply up to 2,000 megawatts of electricity to the park for the construction of a large-scale digital infrastructure campus supporting high-performance computing and Bitcoin mining. The transaction consideration will be paid in installments based on milestones, with the cumulative acquisition amount reaching up to $600 million upon the completion of all development milestones.