MARA HOLDINGS BUYS OHIO GAS PLANT FOR $1.5B

The acquisition includes a 505 MW natural gas facility and 1,600 acres of land in Ohio. MARA Holdings plans to leverage the power infrastructure to support its growing artificial intelligence and IT operations. The deal reflects the increasing power demands of crypto mining and AI computing operations. Major miners have pursued long-term energy partnerships and infrastructure acquisitions to secure reliable, cost-effective electricity supplies. Long Ridge Energy & Power operates one of Ohio's significant power generation assets. The transaction positions MARA Holdings to expand its data center footprint while maintaining direct control over its energy supply. The acquisition aligns with broader industry trends as bitcoin miners and AI infrastructure companies move beyond purchasing power on open markets toward owning generation capacity outright.