MARA acquires Texas 2000 MW computing power park project company for up to $600 million
ChainCatcher news, regulatory documents show that MARA Holdings subsidiary Volt Texas has signed an agreement with HIF USA to acquire the majority of shares in MAT 1177 LLC, which owns the Texas data infrastructure park project, with only a minority interest remaining for the seller.
The project company has a letter of intent signed with the power company, planning to provide up to 2,000 megawatts of electricity for the park in order to build a large-scale digital infrastructure facility supporting high-performance computing and Bitcoin mining. The transaction will be paid in installments based on milestones, and if all development milestones are completed, the total acquisition amount could reach up to $600 million. The obligations for installments will be triggered by the execution of land acquisition, power access, and subsequent data center lease agreements.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Nasdaq 100 rebalancing will take effect before the U.S. stock market opens on Monday, SpaceX (SPCX.US) weight significantly rises to 2.82%.
The Nasdaq 100 Index quarterly rebalancing will take effect before the US stock market opens on September 21 (Monday). The main change is that SpaceX (SPCX.US) will see its index weighting significantly increase from about 1.28% to 2.82%.
WTI falls to near $93.50 as Middle East diplomacy hopes ease supply fears
South Korea's exports in the first 20 days of September continued strong momentum, with chip exports soaring by 259%, remaining a key driver of growth.
Early September exports from South Korea help maintain strong momentum in the chip boom.
Crypto prices
More
