PANews, February 27: According to CoinDesk, bitcoin mining company MARA Holdings has partnered with Starwood Digital Ventures, a subsidiary of Starwood Capital Group, to repurpose and expand certain U.S. sites previously used for bitcoin mining into data centers serving enterprise cloud and artificial intelligence customers. Starwood will oversee design, construction, and tenant acquisition, with the partners planning to deliver approximately 1 gigawatt of computing power in the near term and expand to over 2.5 gigawatts in the future. Following the announcement, MARA’s stock rose approximately 17% in after-hours trading. The company also reported fourth-quarter revenue of $202.3 million, a 6% decline compared to the fourth quarter of 2024.
Bitcoin miner MARA partners with Starwood to build AI data centers; shares rise 17%.
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Summary
Bitcoin miner MARA has partnered with Starwood Digital Ventures to convert U.S. mining sites into AI data centers. Starwood will oversee design, construction, and tenant acquisition, targeting 1 gigawatt of computing power with a future scale of 2.5 gigawatts. MARA’s shares rose 17% in after-hours trading. The company reported Q4 revenue of $202.3 million, a 6% decline from last year. Investors are monitoring altcoins to watch amid shifting market conditions and upcoming inflation data.
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