secwatch.observer — SEC 8-K summary
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Issuer:     MARA Holdings, Inc. (MARA)
CIK:        0001507605
Form:       8-K
Filed at:   2026-09-25T20:30:16+00:00
Accession:  0000950142-26-002607
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.78
Item codes: 1.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1507605/000095014226002607/0000950142-26-002607-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1507605/000095014226002607/eh260835247_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-26-002607

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