MARA Holdings announced that its Exaion subsidiary signed a four-year GPU-as-a-service contract worth $79 million, with the customer committed to paying for the full capacity. The company also secured rights to a site in Matagorda County, Texas, with potential grid capacity of up to 2 GW, pending approvals. MARA aims to reach 1 GW there by October 2027 and 2 GW by April 2028 while pursuing the acquisition of the Long Ridge Energy & Power gas plant, which has about 505 MW of capacity. After repaying $750 million in Bitcoin-backed debt, MARA launched a $500 million share repurchase program and formed a joint venture with Starwood Digital Ventures to develop hyperscale and AI data centers.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
