MARA Holdings' subsidiary, Volt Texas, has entered into an agreement with HIF USA to acquire the majority stake in MAT 1177 LLC, the company behind a major data infrastructure park project in Texas. The project is set to provide up to 2000 megawatts of power for high-performance computing and Bitcoin mining. The acquisition will be paid in installments based on development milestones, with the total purchase price potentially reaching $600 million. Payments will be triggered by land acquisition, power access, and execution of subsequent data center leases.
MARA to Acquire Texas 2000MW Data Park Project for Up to $600 Million
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