MARA Holdings to acquire $1.5B power plant for data center expansion

Bitcoin miner MARA Holdings (MARA) announced it has signed an agreement to acquire the 505 MW Long Ridge Energy combined-cycle thermal power plant in Ohio from FTAI Infrastructure for approximately $1.5 billion. The site is slated for development into a data center complex and can be expanded to over 1 GW of power capacity. This move is expected to help secure diverse revenue streams, including long-term high-performance computing (HPC) leases, BTC mining, and wholesale electricity sales.