Starwood Digital Ventures joint venture for AI/HPC data center development
Company: Marathon Digital
The claim, verbatim
MARA and Starwood announced a venture where MARA contributes sites and may fund a limited portion of project capex, while Starwood Digital Ventures handles design, construction, tenant sourcing and facility operations. MARA captures 50% of the resulting value.
Source (primary)
JPMorgan downgrades MARA to Underweight, cuts price target to $11 - Yahoo Finance (-, news_article)
View cached copy (2026-09-18)Live source ↗
Quote: “MARA and Starwood announced the venture in February with about 1 GW of near-term IT capacity and a potential path beyond 2.5 GW. Under the partnership, MARA contributes sites and may in some cases fund a limited portion of project capex. Design, construction, tenant sourcing and facility operations fall to Starwood Digital Ventures. MARA captures 50% of the resulting value.”
How we checked this
Checked on September 24, 2026. The cited source supports every part of this claim.
The article describes the MARA–Starwood venture's division of responsibilities and MARA's 50% share of resulting value. The 50% figure appears in JPMorgan's description of the structure.
Confirmed in the source:
- MARA and Starwood announced a joint venture
- Under the partnership, MARA contributes sites and may in some cases fund a limited portion of project capex
- Starwood Digital Ventures handles design, construction, tenant sourcing and facility operations
- MARA captures 50% of the resulting value (as described by JPMorgan)
What we did: Read our cached copy of the publisher (https://finance.yahoo.com/markets/stocks/articles/jpmorgan-downgrades-mara-underweight-cuts-174350336.html) in full (10,229 characters, retrieved September 18, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms JPMorgan downgrades MARA to Underweight, cuts price target to $11 - Yahoo Finance
Quote: “MARA and Starwood announced the venture in February with about 1 GW of near-term IT capacity and a potential path beyond 2.5 GW. Under the partnership, MARA contributes sites and may in some cases fund a limited portion of project capex. Design, construction, tenant sourcing and facility operations fall to Starwood Digital Ventures. MARA captures 50% of the resulting value.”