MARA BOUGHT UP TO $600 MILLION FROM TEXAS 2000 MW CALCULATOR PARK PROJECT

On 9 July, the Mala Holdings subsidiary Volt Texas and HIF USA signed an agreement to acquire most of the MAT 1177 LLC shares in the Texas Data Infrastructure Park project, retaining only a few of the seller ' s shares. The project company has a letter of intent signed with the electric power company to provide up to 2000 MW of electricity to the park for the construction of a large digital infrastructure park that can support high performance calculations and mining with Bitcoin. The transaction value is paid in milestones, with cumulative acquisitions of up to $600 million if all development milestones are completed, and the associated land acquisitions, electricity access and the implementation of the subsequent data centre lease will trigger the instalment obligation。