MARA accelerates mining-to-AI pivot with $1.5B Ohio power plant deal

MARA's shares jumped as it added a 505-MW power plant and data center site to expand into AI infrastructure.

Bitcoin miner MARA said it agreed to acquire Long Ridge Energy & Power for about $1.5 billion, adding a 505-megawatt gas-fired power plant and a co-located data center site in Ohio. 

The company's Nasdaq-traded shares surged more than 12% following Thursday's announcement, extending a broader rally that has seen the stock gain about 55% over the past month, according to Yahoo Finance data.

Source: Yahoo Finance

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