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MARA Agrees to Buy $1.5B Ohio Gas Plant for AI Data Center Push
MARA Holdings agreed to acquire Long Ridge Energy & Power for about $1.5 billion, including at least $785 million of existing debt. The 505 MW Ohio plant and 1,600-acre site expand one of the largest publicly traded Bitcoin miners into owned power and data center assets. MARA plans an initial AI and critical IT buildout in H1 2027, and the deal is expected to close in H2 2026.