MARA acquires a 505-megawatt power plant
The $1.5 billion deal includes the Long Ridge Energy plant and gas reserves in Ohio.
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Digital energy and compute infrastructure company
mara.comLast updated
In short: MARA aggressively shifted toward energy and AI infrastructure through a $1.5 billion acquisition and key global partnerships.
The $1.5 billion deal includes the Long Ridge Energy plant and gas reserves in Ohio.
The expansion with NGON is fully energized and operational as of December 2025, avoiding approximately 315,905 metric tons of CO₂e emissions.
It obtained majority consents, entered a supplemental indenture, and expects transaction closing in H2 2026 subject to regulatory approvals; consent fee is $2.50 per $1,000.
The company reported preliminary unaudited results in a shareholder letter and will host a webcast.
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