Acquisition of MAT 1177 LLC (Texas data center project)
Company: Marathon Digital
What the later record shows
Not a promise: a reported event · happened July 2, 2026
The source text describes the MAT 1177 acquisition in the past tense ('Buyer acquired'), so it reports a completed transaction, apparently closed around July 2, 2026. No passage explicitly ties MAT 1177 to the Texas land deals mentioned in the news.
Checked October 10, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
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
Checked on October 12, 2026. The cited source supports part of this claim, but not all of it.
The filing confirms the acquisition, the Texas land rights, the 2,000 MW utility letter agreement, and the milestone-based structure capped at $600 million. However, the seller kept a retained equity interest, so the buyer did not acquire all interests, and $600 million is payable only if every milestone is met.
Confirmed in the source:
- Volt Texas LLC, a MARA Holdings subsidiary, acquired membership interests in MAT 1177 LLC
- MAT 1177 LLC holds rights to acquire Texas land and title to an adjacent parcel
- MAT 1177 LLC holds rights under a letter agreement with an electric utility relating to the provision of 2,000 megawatts of power capacity to the site
- The purchase price is structured as post-closing milestone payments tied to project events
- The aggregate purchase price would be $600 million assuming all milestones are achieved
We could not confirm this from the cited source:
- That Volt Texas LLC acquired all of the membership interests of MAT 1177 LLC; the filing excludes a retained equity interest held by the seller
- That the $600 million aggregate price is fixed; the filing presents it as the total only if all milestones are achieved
That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1507605/000095014226002607/eh260835247_8k.htm) in full (9,916 characters, retrieved September 26, 2026) and checked each assertion in the claim against it.
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.”