May 1, 2026·Bullish·fundraising

Marathon Digital acquires power plant for $1.5B AI/HPC expansion

Marathon Digital (MARA) announced a $1.5 billion acquisition of Long Ridge Energy. This strategic move aims to aggressively advance MARA's AI/HPC (Artificial Intelligence/High-Performance Computing) strategy. Long Ridge Energy includes a 505 MW natural gas plant and a site where Marathon Digital currently hosts operations.

Detected & updated continuously · Source: Ruma

Mentioned

Marathon Digital Holdings Inc (MARA)

Sources

@blockspace

.@MARA is leaning more aggressively into its AI/HPC strategy. The company just announced a $1.5B acquisition of Long Ridge Energy, a 505 MW natural gas plant and site on which MARA currently hosts 200 MW of bitcoin mining activity. Now, MARA plans to repurpose the site for https://t.co/uiyUyqo5J1