MARA Holdings, through subsidiary Volt Texas, entered into a Membership Interest Purchase Agreement with HIF USA to acquire MAT 1177, which holds rights to a Texas site and a letter for 2,000 MW of power capacity. The consideration is tied to post-closing development milestones, with total payments up to $600 million and a minority interest retained by the seller upon certain events. The project will be developed with Starwood Digital Ventures as a large-scale digital infrastructure campus supporting high-performance computing and Bitcoin mining. The agreement was signed and closed on July 2, 2026.
Agreement details:
- Agreement type: Membership Interest Purchase Agreement for acquisition of MAT 1177
- Counterparty: HIF USA
- Signed / Effective: Jul 02 2026 / Jul 02 2026
- Reason: Develop large-scale Texas digital infrastructure and HPC campus
Original SEC Filing:
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