Bitcoin miner MARA Holdings said it has entered a partnership with Starwood Capital Group to repurpose existing mining facilities for AI and high-performance computing infrastructure. The initial target is about 1 GW of capacity, with plans to expand beyond 2.5 GW over time. MARA also recently sold about 20,000 BTC to repay debt and help fund the transition. The company said the move is aimed at replacing parts of its traditional mining business with AI data center operations that can generate higher revenue per unit of electricity. MARA currently controls more than 4 GW of energy capacity. After the announcement, the company’s stock rose as much as 17%. The development was reported by CryptoBriefing and cited by Techub News.
Bitcoin miner MARA Holdings said it has partnered with Starwood Capital Group to convert its existing mining facilities into infrastructure for AI and high-performance computing.
The company set an initial target of roughly 1 GW of capacity and said it plans to scale that figure to more than 2.5 GW. MARA currently controls more than 4 GW of energy capacity.
MARA also recently sold about 20,000 BTC to repay debt and provide funding for the shift. The company said the transition is intended to replace traditional mining activity with AI data center operations that offer higher revenue per unit of electricity.
Following the announcement, MARA shares were at one point up 17%. The development was reported by CryptoBriefing.
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