Acquisition of MAT 1177 LLC (Texas data center project)
Company: Marathon Digital
The claim, verbatim
Volt Texas LLC acquired all issued and outstanding membership interests of MAT 1177 LLC holding rights to Texas land and 2,000 megawatts of power capacity, with aggregate purchase price of $600 million in milestone-based payments
Source (primary)
Marathon Digital 8-K filed 2026-09-25 (SEC EDGAR, sec_filing)
View cached copy (2026-09-26)Live source ↗
Quote: “Buyer acquired all of the issued and outstanding limited liability company membership interests (other than a retained equity interest to be held by Seller as described below) of MAT 1177 LLC... the aggregate purchase price for the membership interests being acquired was structured as a series of post-closing milestone payments (collectively, the "Milestone Payments") tied to specified project events... Assuming all Milestones are achieved, the aggregate purchase price pursuant to the Purchase Agreement would remain $600 million.”
How we checked this
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Additional evidence
confirms Marathon Digital 8-K filed 2026-09-25
Quote: “Buyer acquired all of the issued and outstanding limited liability company membership interests (other than a retained equity interest to be held by Seller as described below) of MAT 1177 LLC... the aggregate purchase price for the membership interests being acquired was structured as a series of post-closing milestone payments (collectively, the "Milestone Payments") tied to specified project events... Assuming all Milestones are achieved, the aggregate purchase price pursuant to the Purchase Agreement would remain $600 million.”