MARA acquires majority stake in Texas-based 2000MW computing power park project company for up to $600 million

Odaily reported that MARA Holdings subsidiary Volt Texas has signed an agreement with HIF USA to acquire a majority stake in MAT 1177 LLC, which holds the Texas data infrastructure park project. The seller will retain a minority stake. The project company has a letter of intent signed with the power company, planning to supply 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, with the cumulative acquisition amount reaching up to $600 million if all development milestones are completed.