CryptoBullishBlockonomi · 5h ago7/10
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MARA Expands Power Capacity With $1.5B Long Ridge Deal
Marathon Digital Holdings (MARA) agreed to acquire Long Ridge Energy & Power for approximately $1.5 billion, assuming at least $785 million in debt. The deal includes a 505-megawatt gas-fired power plant in Hannibal, Ohio, with potential to scale to over 1 gigawatt, significantly expanding MARA's power infrastructure for cryptocurrency mining operations.