MARA Holdings Acquires Long Ridge Energy for $1.5B AI Data Center

MARA Holdings is acquiring Long Ridge Energy in a $1.5 billion transaction to expand its AI and IT infrastructure capacity. The deal includes a 505 MW gas plant and 1,600 acres in Ohio, providing over 1 GW of power capacity for future AI and IT buildout.

Transaction Details

The acquisition encompasses operational energy infrastructure in Ohio. The 505 MW gas generation facility and associated 1,600-acre property will support MARA Holdings’ expansion into AI data center operations, with combined capacity exceeding 1 GW for future development.

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OrigamiMountainsAndRivers
· 3h ago
Ohio's electricity costs are indeed competitive, and the logic for choosing AI data center locations makes sense.
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SugarMarketMaker
· 4h ago
MARA is aiming to transform into an energy giant? Spending 1.5 billion to buy a gas power plant, from a mining company to a power plant operator, the plot is getting more and more surreal.
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SudoSoul
· 4h ago
505 MW + 1600 acres, this land might double in value later on
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PerpNightshift
· 4h ago
From mining to custodial AI computing power, MARA's narrative switch is fast enough, and veteran crypto players understand this set.
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