Partnering with Starwood to advance AI infrastructure MARA Holdings ( MARA.US ) surged over 12% in the opening of trading

2026-04-02 09:29:59

On Friday, MARA Holdings (MARA.US) surged more than 12% at the open, to $9.51. According to the news, MARA Holdings is partnering with Starwood Capital Group, a private equity firm under Barry Sternlicht, to convert some of this bitcoin miner’s existing sites into infrastructure that can support artificial intelligence (AI) applications and other cloud services.

As the private investment firm’s data center development platform, Starwood Digital Ventures will be responsible for design, tenant recruitment, construction, and facility operations, while MARA will provide some of the sites. The cryptocurrency mining company said in a statement on Thursday that the two sides are expected to deliver approximately 1 gigawatt of capacity immediately, with the potential to expand to 2.5 gigawatts. Financial terms were not disclosed. Based on MARA’s presentation materials, the two sides will apply joint ownership to all relevant projects, prioritizing locations that can secure more cost-effective energy and have scalable interconnection conditions.

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