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MARA acquires Texas 2000 MW computing power campus project company for up to $600 million

2026-07-09 16:45:26

Abstract generation in progress

Mars Finance News, regulatory filings show 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 campus project, retaining only a minority stake for the seller. The project company holds a letter of intent signed with the power company to provide up to 2,000 megawatts of electricity for the campus, which will be used to build a large-scale digital infrastructure campus capable of supporting high-performance computing and Bitcoin mining. The transaction consideration is paid in milestone installments. If all development milestones are completed, the cumulative acquisition amount will reach up to $600 million. Land acquisition, power access, and subsequent data center lease execution will trigger the installment payment obligations.

MARA9.90%

BTC2.93%

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