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BlockBeats News, July 9th, MARA Holdings subsidiary Volt Texas signed an agreement with HIF USA to acquire a majority stake in MAT 1177 LLC, the owner of a Texas data infrastructure park project, leaving only a small portion of the shares with the seller. The project company has signed a letter of intent with a power company to provide up to 2000 megawatts of power to the park, intended for constructing a large-scale digital infrastructure park to support high-performance computing and Bitcoin mining. The transaction price will be paid in stages based on milestones, with a maximum cumulative acquisition amount of up to $6 billion if all development milestones are met. The execution of land acquisition, power access, and subsequent data center lease will trigger the payment obligation for each stage.
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