MARA Holdings Acquires Long Ridge Energy & Power for $1.5 Billion to Expand AI Infrastructure Capacity
MARA Holdings (NASDAQ: MARA) has acquired Long Ridge Energy & Power for $1.5 billion, aiming to expand its AI infrastructure capabilities by gaining access to a 505-megawatt natural gas power plant and over 1 gigawatt of potential capacity. The move underscores the growing importance of energy infrastructure in supporting AI demand, with MARA's CEO emphasizing that power is a scarce input in the AI industry. The acquisition is expected to increase MARA's capacity by 65%.
Tickers: $MARA
Topics: AI infrastructure data centers energy acquisition M&A power supply