MARA Holdings Taps Starwood Capital for AI and Cloud Data Center Expansion

MARA Holdings Inc. has partnered with Starwood Capital Group, led by Barry Sternlicht, to repurpose a portion of its Bitcoin mining facilities into high-performance computing data centers supporting artificial intelligence (AI) and cloud services. Starwood Digital Ventures will oversee the design, leasing, construction, and operation of these new facilities, with MARA providing the necessary land.

The initial phase of the project will offer a capacity of approximately 1 gigawatt (GW), with the potential to scale up to 2.5 GW. Financial terms of the collaboration have not been disclosed. Both entities will jointly own the associated projects. MARA Holdings retains the option to maintain up to a 50% equity stake, sharing in the project's costs and profits.

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