MARA Acquires Majority Stake in Texas 2,000 MW Computing Power Park Project Company for Up to $600 Million
Svmuu News: Volt Texas, a subsidiary of MARA Holdings, has signed an agreement with HIF USA to acquire a majority stake in MAT 1177 LLC, which owns a data infrastructure park project in Texas; the seller will retain a minority stake.The project company has signed a letter of intent with an electric utility to provide up to 2,000 megawatts of power to the park, which will be used to build a large-scale digital infrastructure park supporting high-performance computing and Bitcoin mining. The transaction consideration will be paid in installments based on milestones, with the total acquisition amount reaching up to $600 million upon completion of all development milestones.
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