MARA Holdings acquires Ohio gas power plant for $1.5 billion

Published Aug 24, 09:37 PM UTC

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MARA Holdings, a Bitcoin mining company, is purchasing the Long Ridge gas power plant in Ohio for $1.5 billion. The 505-megawatt facility sits on over 1,600 acres and offers more than 1 GW of potential capacity. This acquisition marks a strategic shift for MARA, transforming it from a pure Bitcoin miner into a vertically integrated AI company that owns its own power generation for data centers. The deal underscores the growing convergence of cryptocurrency mining, energy infrastructure, and artificial intelligence computing.

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investmattallenNeutral / independent

Original headline: 2. $MARA MARA Holdings MARA is buying Long Ridge, a 505 MW gas power plant in Ohio, for $1.5B. The purchase adds 1,600+ acres and over 1 GW of potential capacity, turning a Bitcoin miner into a

Original language: EN