Bitcoin mining company Mara Holdings (MARA) announced that it has signed an agreement to acquire Long Ridge Energy, a 505MW combined-cycle power plant located in Ohio, from FTAI Infrastructure for approximately $1.5 billion. The site is planned to be developed into a data center complex, allowing for an expansion of over 1GW in power capacity. This is expected to help secure various revenue streams, including long-term high-performance computing (HPC) leases, BTC mining, and wholesale power sales.
