MARA Holdings, Inc. has amended its purchase agreement for a Texas-based data center project, revising the payment structure and posting a $100.0 million security deposit with the site's electric utility provider.
Key Details
- Agreement Amendment: On September 21, 2026, MARA's subsidiary amended the July 2, 2026 agreement to acquire a project company with rights to a 2,000-megawatt power capacity site in Texas.
- Financial Commitment: The company posted a $100.0 million security deposit with the electric utility. The total aggregate purchase price remains $600 million, contingent on achieving all milestones.
- Revised Terms: The amendment restructures the milestone payments, tying them to the successful conclusion of a regulatory audit and the company's subsequent election to proceed with the project. It also removes a clause that would have returned the project to the seller if milestones were not met, replacing it with a provision to market the project for sale in certain circumstances.