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

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BlockBeats News, July 9 — Volt Texas, a subsidiary of MARA Holdings, has signed an agreement with HIF USA to acquire most of the equity in MAT 1177 LLC, which holds the Texas data infrastructure campus project, while keeping only a minority stake for the seller. The project company has a letter of intent with a power company and plans to provide up to 2,000 megawatts of electricity to the campus to build a large-scale digital infrastructure campus supporting high-performance computing and Bitcoin mining. The transaction consideration will be paid in milestone-based installments. If all development milestones are completed, the total acquisition amount could reach up to $600 million, and related obligations for installment payments will be triggered by the relevant land acquisitions, power grid interconnections, and the subsequent execution of data center lease agreements.
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