US Stock Movement | Partnering with Starwood to Enter AI Infrastructure MARA Holdings(MARA.US) surged over 12% in early trading

LootboxPhobia · 2026-02-27T20:19:29+00:00

MARA Holdings partners with Starwood Capital Group to convert some Bitcoin mining sites into infrastructure supporting artificial intelligence and cloud services, with an expected delivery of approximately 1 gigawatt of capacity, which could be expanded to 2.5 gigawatts, driving a significant increase in the company's stock price.

LootboxPhobia

2026-02-27 20:19:29

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According to Cailian Press, on Friday, MARA Holdings (MARA.US) surged over 12% in early trading, trading at $9.51. According to news, MARA Holdings is collaborating with Starwood Capital Group, a private equity firm owned by Barry Sternlicht, to convert some of the existing sites of this Bitcoin miner into infrastructure capable of supporting artificial intelligence (AI) applications and other cloud services.

As the data center development platform of the private equity investment firm, Starwood Digital Ventures will be responsible for design, tenant recruitment, construction, and facility operations, while MARA will provide some of the sites. The cryptocurrency mining company stated on Thursday that both parties expect to immediately deliver approximately 1 gigawatt of capacity, with the potential to expand to 2.5 gigawatts. Financial terms were not disclosed. According to MARA’s presentation materials, both parties will implement joint ownership of all related projects, prioritizing sites that can access more cost-effective energy and have scalable interconnection capabilities.

BTC-6.21%

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