MARA has acquired a majority stake in a company holding a 2000MW computing capacity park project in Texas 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 data infrastructure park project in Texas. The seller will retain a minority stake. The project company has signed a letter of intent with a power company, planning to provide up to 2,000 megawatts of electricity to the park for the construction of a large-scale digital infrastructure park supporting high-performance computing and Bitcoin mining. The transaction consideration will be paid in installments based on milestones. If all development milestones are completed, the cumulative acquisition amount will be up to $600 million.