MARA acquires Texas 2000 MW computing power park project company for up to 600 million USD

Regulatory documents 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 park project, leaving a small minority stake for the seller.

The project company has signed a letter of intent with the power company, planning to provide up to 2000 megawatts of power for the construction of a large digital infrastructure park that supports high-performance computing and Bitcoin mining. The transaction price will be paid in installments based on milestones, with a total acquisition amount of up to $600 million if all development milestones are completed. The acquisition of related land, power access, and subsequent execution of data center leases will trigger the installment payment obligations.