MARA Targets Up to $600M Deal for 2,000 MW Texas Data Infrastructure Campus
AI Market Summary
MARA's subsidiary agreed to acquire a majority stake in a Texas data-infrastructure campus project, with payments up to $600M tied to milestones. A letter of intent targets up to 2,000MW of utility power, positioning the site for large-scale HPC and Bitcoin mining. The structure reduces upfront risk but increases execution sensitivity to land, interconnection, and lease contracting timelines.
Impact level
● Medium
Affected assets
NCSKMARA2USD/USDT+12.77%
AI Insight · NCSKMARA2USD/USDTAI Insight
● Neutral
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Regulatory filings cited by ChainCatcher show MARA Holdings' subsidiary Volt Texas has agreed to acquire a controlling equity stake in MAT 1177 LLC, the entity behind a Texas data-infrastructure campus project, leaving the seller with a minority interest. The project company has signed a letter of intent with a utility provider to secure up to 2,000 megawatts of power to develop a large-scale digital infrastructure campus designed to support high-performance computing and Bitcoin mining. The purchase price will be paid in milestone-based installments, with total consideration capped at $600 million if all development targets are met. Payment triggers include completion of land acquisition, power interconnection, and execution of subsequent data center lease agreements.
