MARA Deposits $100 Million for Texas Data Center Project with $600 Million Cap

Bitcoin mining firm MARA has paid a $100 million power deposit for its data center project in Matagorda County, Texas, and adjusted payment terms with sustainable fuel developer HIF USA. The project, located southwest of Houston, spans over 1,200 acres and is planned for up to 2 gigawatts of power capacity to support high-performance computing and Bitcoin mining. Under the revised agreement, the total acquisition price remains capped at $600 million if all milestones are met.