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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