Bitcoin Miner MARA Partners with Starwood for AI Data Center Expansion

MARA Holdings, a prominent bitcoin mining company, has announced a strategic partnership with Starwood Digital Ventures, a subsidiary of Starwood Capital Group. The collaboration aims to repurpose and expand existing U.S. bitcoin mining facilities into data centers catering to enterprise cloud and artificial intelligence clients.

Starwood will spearhead the design, construction, and tenant acquisition for these new data centers. The initial phase of the project targets the delivery of approximately 1 gigawatt of computing power, with plans to scale up to over 2.5 gigawatts in the future.

This significant development has had a positive impact on MARA's stock, which saw an approximate 17% surge in after-hours trading.

Despite the positive news regarding the AI data center venture, the company also reported its fourth-quarter revenue at $202.3 million, marking a 6% decrease compared to the same period in 2024.

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