According to regulatory filings, MARA Holdings’ subsidiary, Volt Texas, has entered into an agreement to acquire a majority equity stake in MAT 1177 LLC, the entity holding the Texas data infrastructure campus project. The project company has a letter of intent to secure up to 2,000 megawatts of power for the development of a digital infrastructure campus supporting high-performance computing and Bitcoin mining. The purchase price will be paid in installments tied to development milestones, with a maximum aggregate acquisition amount of $600 million if all development milestones are achieved.
MARA Holdings subsidiary to acquire MAT 1177 LLC for up to $600 million
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Summary
MARA Holdings’ subsidiary, Volt Texas, has signed an agreement to acquire a majority stake in MAT 1177 LLC, a Texas-based data infrastructure project. The project announcement includes a letter of intent to secure up to 2,000 MW of power for a digital infrastructure park focused on high-performance computing and Bitcoin mining. The acquisition value could reach up to $600 million, with payments contingent upon achieving development milestones. Recent inflation data has increased interest in infrastructure-backed assets, making this move timely.
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