MARA has Entered Into a Joint Venture Agreement with Starwood to Expand its US Data Center Portfolio

Marathon Digital Holdings (MARA) has signed a strategic agreement with Starwood Capital Group and its data center platform, Starwood Digital Ventures (SDV), to convert and expand selected sites for enterprise, hyperscale, and AI workloads.

 SDV will manage the design, development, tenant acquisition, construction, and ongoing operations of the facilities, while Starwood Capital will provide project-level investment. MARA will contribute sites that already have secured energy access and supporting infrastructure in place.

“MARA’s power-rich sites give customers what they need most: predictable access to energy at scale,” said Fred Thiel, MARA’s chairman and CEO. “Our partnership with Starwood will allow us to turn that power certainty into capacity certainty, so customers can run diverse workloads close to their data and users. This joint venture structure also gives us a more capital-efficient way to accelerate the buildout of digital infrastructure across our portfolio.”

Barry Sternlicht, chairman and CEO of Starwood Capital, added: “We are excited to partner with MARA and leverage the skill and industry expertise of our Starwood Digital Ventures platform to create significant value together. Data centers are the infrastructure responsible for driving the modern economy, and our partnership with MARA expands our opportunities to continue investing in this sector.”