Mining company MARA has partnered with Starwood to build an AI data center, sending its shares up 17% in after-hours trading.

PANews reported on February 27th that, according to CoinDesk, Bitcoin mining company MARA Holdings announced a partnership with Starwood Digital Ventures, a subsidiary of Starwood Capital Group, to transform and expand some of its existing Bitcoin mining sites in the United States into data centers for enterprise cloud and artificial intelligence clients. Starwood will be responsible for the design, construction, and tenant expansion. The two companies plan to deliver approximately 1 gigawatt of computing power in the near future, expanding to over 2.5 gigawatts in the future. Driven by the news, MARA's stock price rose approximately 17% in after-hours trading. The company also disclosed its fourth-quarter revenue of $202.3 million, a 6% decrease compared to the fourth quarter of 2024.