MARA Pays $100 Million Deposit for Texas Data Center Project

MARA has paid a $100 million power deposit for its data center project located in Matagorda County, Texas, and has adjusted the payment and exit terms of its deal with sustainable fuel developer HIF USA. The project spans over 1,200 acres and is planned to have a maximum power capacity of up to 2 gigawatts, with MARA intending to build a facility supporting high-performance computing and Bitcoin mining. According to the revised agreement, part of the payments originally tied to regulatory approvals will be changed to be paid in two installments; if all milestones are met, the total acquisition price cap for the project remains at $600 million.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.