MARA Shares Rise After Bitcoin Miner Strikes AI Data Center Deal

MARA Holdings, one of the largest publicly traded Bitcoin miners in the U.S., said Thursday it will team up with Starwood Property Trust to develop AI-focused data centers, sending its shares higher in after-hours trading. Under the agreement, MARA will work with Starwood to convert a portfolio of its U.S. Bitcoin mining sites, excluding those already held in third-party joint ventures, into hyperscale data center campuses, with projects structured on a site-by-site basis. The partnership will allow the tw ...