1.5 billion to buy a 505MW gas-fired power plant + 1,600 acres of land, MARA is planning to turn the mining farm into an AI computing center, Ohio's electricity prices are about to skyrocket.

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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
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