MARA amends Texas site purchase: $100 million deposit and a sale process replace forfeiture terms

MARA signed a First Amendment to its Matagorda County site purchase agreement with HIF USA on September 21, 2026. Under the amendment, MARA posted a $100 million security deposit with the local electric utility for the site's power capacity. Some milestone payments were restructured, and the clause that would have returned the site to HIF if milestones were missed was replaced by a plan to market the project to a third party. The aggregate price stays at $600 million if all milestones are met.

• First Amendment signed September 21, 2026
• $100.0 million security deposit posted with the electric utility
• Aggregate purchase price remains $600 million
• Missed-milestone return clause replaced by a third-party sale process with a right of first offer for HIF