MARA posts $100 million deposit for Texas data center project, acquisition price capped at $600 million

TechFlow reported on Sept. 27, citing TheEnergyMag, that Bitcoin mining company MARA announced it has paid a $100 million electricity deposit for its Matagorda County, Texas data center project and adjusted the transaction payment and exit terms with sustainable fuel developer HIF USA. Located southwest of Houston, the site spans over 1,200 acres with a planned power capacity of up to 2 gigawatts. MARA plans to develop the campus to support high-performance computing and Bitcoin mining. Under the revised agreement, certain payments originally tied to regulatory approval will be restructured into two installments. If all milestones are met, the total acquisition cap for the project remains unchanged at $600 million.