MARA posts $100 million deposit for Texas data center project, acquisition price capped at $600 million
According to TheEnergyMag, Bitcoin miner MARA announced it has paid a $100 million power deposit for its data center project in Matagorda County, Texas, and adjusted the payment and exit terms of the transaction with sustainable fuel developer HIF USA. Located southwest of Houston, the project spans over 1,200 acres and has a planned power capacity of up to 2 gigawatts, which MARA plans to use to build a campus supporting high-performance computing and Bitcoin mining. Under the revised agreement, payments originally contingent on regulatory approval will now be paid in two installments, with the maximum total acquisition price for the project remaining capped at $600 million provided all milestones are met.
