Bitcoin miner MARA to acquire Long Ridge in $1.5 billion Ohio gas plant deal
Marathon Digital (MARA) agreed to acquire Long Ridge Energy & Power for $1.5 billion, gaining a 1 GW Ohio gas plant to power mining and AI infrastructure. The deal marks MARA's strategic shift toward owning power assets alongside bitcoin operations, diversifying beyond pure mining. MARA expects $144 million annualized EBITDA immediately while positioning the site for AI tenant expansion.
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