TechFlow news, July 09, regulatory filings show that MARA Holdings subsidiary Volt Texas signed an agreement with HIF USA to acquire a majority equity stake in MAT 1177 LLC, which holds the Texas data infrastructure campus project, retaining only a minority equity stake for the seller. The project company holds a letter of intent signed with a power company, planning to provide up to 2000 megawatts of power for the campus, to be used for building a large-scale digital infrastructure campus capable of supporting high-performance computing and Bitcoin mining. The transaction consideration will be paid in installments based on milestones; if all development milestones are completed, the cumulative acquisition amount will reach up to $600 million, and relevant land acquisition, power access, and subsequent data center lease execution will trigger installment payment obligations.
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