MARA posts $100 million power deposit for Texas data center project

Bitcoin miner MARA has paid a $100 million power deposit for its data center project in Matagorda County, Texas, according to TheEnergyMag. The company also revised payment and exit terms tied to its transaction with sustainable fuel developer HIF USA. The site, located southwest of Houston, spans more than 1,200 acres and is planned for up to 2 gigawatts of power capacity. MARA said it intends to develop the property into a campus that supports both high-performance computing and Bitcoin mining. Under the amended agreement, some payments that were previously tied to regulatory approvals will now be made in two installments. If all project milestones are met, the total acquisition price will remain capped at $600 million.