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MARA to Buy Long Ridge in $1.5B Deal for AI Data Center Expansion

2026-05-02 19:07:23

Abstract generation in progress

MARA Holdings agreed to buy Long Ridge Energy & Power in a deal valued at about $1.5 billion. MARA will also assume at least $785 million of debt backed by a bridge loan. The acquisition includes a 505-megawatt gas plant in Ohio, and MARA plans an initial AI and critical IT buildout in the first half of 2027.

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