AcquisitionsJul 9, 2026, 08:16 AM
MARA Acquires 2 GW Texas Power Site for $600M Digital Infrastructure
AI Summary
MARA Holdings, Inc., through its subsidiary Volt Texas, LLC, acquired MAT 1177 LLC from HIF USA LLC, making it an indirect subsidiary. This acquisition includes a 1,200-acre site in Matagorda County, Texas, with rights to 2 GW of power capacity, intended for a large-scale digital infrastructure campus supporting high-performance computing and Bitcoin mining. The aggregate purchase price is up to $600.0 million, contingent on development milestones, with HIF retaining a minority interest upon securing a tenant. This deal is expected to significantly expand MARA's power capacity to approximately 4.8 GW across its portfolio.
Key Highlights
- MARA's subsidiary acquired MAT 1177 LLC, gaining a 1,200-acre site in Texas.
- The site provides access to up to 2 GW of power capacity (1 GW by Oct 2027, 2 GW by Apr 2028).
- Aggregate purchase price is up to $600.0 million, structured as milestone payments.
- HIF USA LLC will retain a minority interest upon execution of a data center lease.
- The acquisition is expected to more than double MARA's potential power capacity to 4.8 GW.
- The site will be developed for high-performance computing and Bitcoin mining.
- Phased construction of the digital infrastructure campus is expected to begin in 2026.
Price Impact
More from MARA