MARA Expands Power Capacity With $1.5B Long Ridge Deal

TLDR MARA agreed to buy Long Ridge Energy & Power in a deal valued at about $1.5 billion. MARA will assume at least $785 million of debt backed by a bridge loan. The deal includes a 505-megawatt gas plant in Hannibal, Ohio. MARA said the site could support more than 1 gigawatt of power capacity [...]

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