Woofun AI reports that MARA Holdings subsidiary Volt Texas has executed an agreement with HIF USA to purchase a majority stake in MAT 1177 LLC. This entity controls a Texas data infrastructure park project, with the seller retaining a minority position.

The target company holds a letter of intent with a utility provider for up to 2000 megawatts of power, supporting high-performance computing and Bitcoin mining facilities. The total consideration reaches $600 million, payable in installments contingent upon land acquisition, power access, and data center lease execution.