MARA unit posts $100M security deposit, amends $600M Texas data center purchase agreement

MARA Holdings, Inc.

MARA subsidiary Volt Texas LLC posted a $100.0 million security deposit with the Electric Utility Company for 2,000 MW of power capacity at the Texas Site.
First Amendment revises milestone payments; aggregate purchase price remains $600 million if all milestones are achieved.
Original agreement dated July 2, 2026 with HIF USA LLC; Project Company MAT 1177 LLC became an indirect subsidiary of MARA.
Amendment replaces return/reconveyance provisions with a third-party sale process and Seller right of first offer on certain Audit trigger events.
Texas regulatory audit and Buyer election after interconnection study now gate two installment payments tied to regulatory approvals.

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