Starwood Digital Ventures AI/HPC infrastructure joint venture
Company: Marathon Digital
The claim, verbatim
MARA announced a strategic joint venture with Starwood Digital Ventures to develop, finance and operate next-generation digital infrastructure. The joint platform is expected to support more than 1 gigawatt of IT capacity in the initial development phase, with a development roadmap that could extend capacity beyond 2.5 GW over time. MARA will have the option to invest up to 50 percent in joint venture projects.
Source (primary)
marathon-digital 8-K exhibit (q425shareholderletter.htm) (SEC EDGAR (8-K Ex), press_release)
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Quote: “This quarter, we are accelerating MARA's expansion into AI and high-performance compute with the announcement of our strategic joint venture with Starwood Digital Ventures... The joint platform is expected to support more than 1 gigawatt ("GW") of IT capacity in the initial development phase, with a development roadmap that could extend capacity beyond 2.5 GW over time... MARA will have the option to invest up to 50 percent in joint venture projects”
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Additional evidence
confirms marathon-digital 8-K exhibit (q425shareholderletter.htm)
Quote: “This quarter, we are accelerating MARA's expansion into AI and high-performance compute with the announcement of our strategic joint venture with Starwood Digital Ventures... The joint platform is expected to support more than 1 gigawatt ("GW") of IT capacity in the initial development phase, with a development roadmap that could extend capacity beyond 2.5 GW over time... MARA will have the option to invest up to 50 percent in joint venture projects”