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Home BlockchainMARA Shares Rise After Bitcoin Miner Strikes AI Data Center Deal
Blockchain

MARA Shares Rise After Bitcoin Miner Strikes AI Data Center Deal

by Decrypt
written by Decrypt 0 comments
MARA Shares Rise After Bitcoin Miner Strikes AI Data Center Deal

In brief

  • MARA will convert select mining sites into AI-focused campuses.
  • Shares rose as much as 16% before dipping slightly in after-hours trading following the announcement.
  • Analysts say MARA remains a Bitcoin proxy until leases are signed.

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…

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