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Marathon Digital Holdings to Acquire Long Ridge Energy for $1.5 Billion AI Data Center Expansion

GateNews

Stocks AI Industry News

2026-05-01 00:24:54

Marathon Digital Holdings is acquiring Long Ridge Energy for $1.5 billion to expand its AI data center capacity. The deal includes a 505 MW natural gas power plant and 1,600 acres of land in Ohio, providing over 1 GW of power capacity to support future AI and IT infrastructure buildout.

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