MARA Acquires Texas 2000MW Computing Park Project Company for Up to $600 Million

CoinFeed July 9 news, regulatory documents show that MARA Holdings subsidiary Volt Texas signed an agreement with HIF USA to acquire a majority stake in MAT 1177 LLC, which holds a Texas data infrastructure park project, with the seller retaining a minority stake. The project company has a letter of intent with the power company to provide up to 2000 megawatts of electricity for the park, to build a large-scale digital infrastructure park supporting high-performance computing and Bitcoin mining. The transaction consideration will be paid in milestones, and if all development milestones are completed, the cumulative acquisition amount will be up to $600 million, with related land acquisition, power connection, and subsequent data center lease execution triggering installment payment obligations.