MARA Holdings entered into a First Amendment to its Membership Interest Purchase Agreement with HIF USA LLC regarding the acquisition of MAT 1177 LLC, which holds rights to develop a data center campus in Texas. The amendment requires MARA to post a $100 million security deposit with an electric utility company for power capacity and restructures milestone payments tied to regulatory approvals and interconnection studies. While the aggregate purchase price remains capped at $600 million, the filing eliminates provisions allowing for the return of membership interests if milestones are missed, replacing them with a process to market the project for sale under specific trigger events. MARA Holdings operates in the digital infrastructure and cryptocurrency mining industry.
