Odaily Planet Daily reports that Bitcoin mining company MARA Holdings has announced a partnership with investment firm Starwood Capital Group to build a large-scale data center for AI and cloud computing clients on its existing U.S. mining sites. Following the announcement, the company’s stock price rose about 17% in after-hours trading.
Under the agreement, both parties will convert some of the facilities originally used for Bitcoin mining into AI data centers, with Starwood’s subsidiary Starwood Digital Ventures responsible for design, construction, and client acquisition. The initial phase is expected to provide approximately 1 gigawatt of computing capacity, with plans to expand to over 2.5 gigawatts, jointly funded and operated by both sides.
This partnership marks a significant business transformation for MARA. Given the large-scale power access of its mining farms, such infrastructure has become more valuable amid the rapid growth in AI computing demand. In recent years, under pressure from Bitcoin halving reducing block rewards, rising electricity costs, and increasing competition, many mining companies have shifted toward AI computing infrastructure.
However, MARA states that Bitcoin will remain a core part of its long-term strategy. The management emphasizes that, despite short-term price uncertainties, their confidence in Bitcoin as an asset class remains unchanged.
Financial reports show that the company’s revenue for the fourth quarter was $202.3 million, down about 6% year-over-year, mainly due to a roughly 14% decline in the average Bitcoin mining price.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
CME February cryptocurrency contract daily average trading volume increased by 45%, with a notional value of $9.3 billion
Odaily Planet Daily reports that the derivatives market Chicago Mercantile Exchange Group (CME Group) announced that in February, the average daily trading volume of cryptocurrency contracts reached 322,000 contracts, with a notional value of $9.3 billion, a 45% increase. Among them, micro Ethereum futures daily average contract volume increased by 22%, reaching 115,000 contracts; micro Bitcoin futures daily average contract volume increased by 31%, reaching 100,000 contracts; Ethereum futures daily average contract volume increased by 65%, reaching 24,000 contracts. (PRNewswire)
GateNews1m ago
Bitcoin approaches $70,000: ETF inflows of $1.45 billion over five days, short covering drives rebound
Bitcoin price has recently rebounded to around $68,000, mainly driven by institutional capital inflows and short covering. Although trading sentiment remains cautious, market optimism for short-term fluctuations has increased, but high-leverage traders remain cautious, and overall confidence is gradually recovering.
GateNews6m ago
Bitcoin Hits $70K as Analysts Identify Repeatable Friday Night Trading Pattern in Iran Conflict
Bitcoin surged to a two-week high near $70,000 on March 2, 2026, recovering from weekend lows of $63,100 as markets digested the escalating U.S.-Israel military conflict with Iran now entering its fourth day.
CryptopulseElite8m ago
Strive's strategist believes that AI-driven deflation could push Bitcoin's price to $11 million by 2036
Technology-driven inflation fueled by artificial intelligence (AI) could be the catalyst pushing Bitcoin's value beyond $10 million within the next decade, by exerting pressure that forces central banks to continuously expand the money supply. This is the conclusion from a report by Joe Burnett, a strategist.
TapChiBitcoin9m ago
MARA VP Clarifies Bitcoin Treasury Strategy After Social Media Speculation, Citing SEC Filing Flexibility
MARA Holdings Vice President of Investor Relations Robert Samuels issued a statement on March 3, 2026, rejecting claims that the company plans to liquidate the majority of its Bitcoin holdings following social media speculation about a shift in treasury policy.
CryptopulseElite23m ago
Bitcoin is only a few days away from reaching the 20 million coin milestone, with the remaining 1 million coins expected to take 114 years to mine.
ChainCatcher reports that, according to CoinDesk, Bitcoin is only a few days away from the 20 millionth coin being mined. Currently, over 95% of the total supply of 21 million coins is in circulation. The remaining 1 million BTC will take another 114 years to mine.
GateNews29m ago
