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MARA Holdings and Starwood Capital Forge Alliance to Convert Mining Sites into AI Data Centers

MARA Holdings and Starwood Capital Forge Alliance to Convert Mining Sites into AI Data Centers

Published:
2026-02-27 00:27:02
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BTCCSquare news:

MARA Holdings, a prominent cryptocurrency mining firm, has entered a strategic partnership with Barry Sternlicht's Starwood Capital to repurpose its mining facilities into advanced data centers tailored for artificial intelligence and cloud computing. The announcement propelled MARA's shares up 17% in after-hours trading, signaling strong market confidence in the pivot.

The collaboration leverages Starwood Digital Ventures' expertise in infrastructure development alongside MARA's access to low-cost energy. Initial plans target 1 gigawatt of computing capacity, scalable to 2.5 gigawatts, with hybrid functionality allowing dynamic switching between cryptocurrency mining and AI workloads based on market demand.

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