MARA Holdings Acquires Texas 2,000 MW Data Center Project for Up to $600 Million

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According to ChainCatcher, MARA Holdings subsidiary Volt Texas agreed to acquire the majority stake in MAT 1177 LLC, a Texas data center project company, based on recent regulatory filing. The acquisition is valued at up to $600 million, with payments structured around development milestones including land acquisition, power interconnection, and data center lease execution. The project includes power supply agreements with electric utilities for up to 2,000 megawatts of capacity, designed to support Bitcoin mining and high-performance computing infrastructure.
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