MARA Holdings Inc. has partnered with Barry Sternlicht's Starwood Capital Group to convert some of its Bitcoin mining facilities into high-performance computing data centers supporting AI and cloud services. Starwood Digital Ventures will handle the design, leasing, construction, and operation of these centers, while MARA will provide the sites. The project will initially have a capacity of approximately 1 gigawatt, with potential expansion to 2.5 gigawatts. Financial terms have not been disclosed, but both parties will jointly own the projects, with MARA having the option to retain up to 50% equity and share in costs and profits.
MARA and Starwood Capital to Transform Bitcoin Mines into AI Data Centers
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