Milestone 2 pays $100,000.00 per megawatt of power available in each Energization, up to $100,000,000 in aggregate, with payment due once accrued amounts reach $5,000,000.00. Energization refers to AEP authorizing the on-site transmission substation to receive power.
AEPHIF USA LLCVolt Texas LLC
Source: MARA Holdings, Inc. 10-Q, filed Nov 9, 2026
Membership Interest Purchase Agreement dated July 2, 2026 transfers an SPE holding land purchase contracts and an AEP LOA for a data center project site. MARA USA Corporation is guarantor; the buyer must attest it is the user of the full 2,000 megawatts of power capacity.
AEPHIF USA LLCMARA USA CorporationVolt Texas LLC
Source: MARA Holdings, Inc. 10-Q, filed Nov 9, 2026
Exaion reports a pipeline of over $3 billion in total contract value, about $1 billion targeted for delivery by end of 2027, not yet contracted or committed. Customers and prospects have expressed demand for more than 30 MW of compute capacity by end of 2027.
ExaionMARA
Source: MARA Holdings, Inc. 8-K, filed Nov 9, 2026
Long Ridge is authorized to sell 485 MW, expected to rise to the full 505 MW nameplate in the first half of 2027. It offers over 1,600 contiguous acres with access to power, water, fiber and rail, and with existing mining gives over 1 GW of potential capacity.
Long RidgeMARA
Source: MARA Holdings, Inc. 8-K, filed Nov 9, 2026
