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MARA Holdings Acquires Long Ridge Energy for $1.5B AI Data Center

AI Tools & Apps

2026-05-01 06:35:00

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.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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Comment

0/400

DaoPeripheralWorker

· 05-03 03:24

Gas power + AI infrastructure, a Frankenstein fusion of traditional energy and Web3—see how they tell the story for later fundraising.

View OriginalReply0

GateUser-94818fd0

· 05-02 14:53

1GW reserve, is this betting on a power shortage explosion in the next five years?

View OriginalReply0

OrigamiMountainsAndRivers

· 05-01 07:00

Ohio's electricity costs are indeed competitive, and the logic for choosing AI data center locations makes sense.

View OriginalReply0

SugarMarketMaker

· 05-01 06:45

MARA is aiming to transform into an energy giant? Spending 1.5 billion to buy a gas power plant, from a mining company to a power plant operator, the plot is getting more and more surreal.

View OriginalReply0

SudoSoul

· 05-01 06:39

505 MW + 1600 acres, this land might double in value later on

View OriginalReply0

PerpNightshift

· 05-01 06:37

From mining to custodial AI computing power, MARA's narrative switch is fast enough, and veteran crypto players understand this set.

View OriginalReply0