MARA Holdings subsidiary Volt Texas has signed an agreement with HIF USA to acquire a majority stake in MAT 1177 LLC, a company that holds a Texas data infrastructure park project, while the seller will retain a minority stake.
According to Odaily, the project company has a letter of intent with a power utility and plans to supply up to 2,000 megawatts of electricity to the park.
The electricity is intended to support construction of a large digital infrastructure park designed for high-performance computing and Bitcoin mining.
The purchase price will be paid in installments tied to milestones, with the total acquisition amount reaching up to $600 million if all development milestones are completed.
MARA Subsidiary Volt Texas Agrees to Buy Majority Stake in MAT 1177 LLC for Up to $600 Million
2026-07-09 15:33:42
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