finance.yahoo.com

MARA targets up to 4.8 GW power portfolio for AI data by 2026

MARA Holdings logoMARA Holdings
Sig3.00Sen-2.00Env-1.20Soc0.00Gov+0.30

MARA outlined plans to expand its power portfolio from 1.9 GW to as much as 4.8 GW, assuming the Long Ridge Energy & Power acquisition closes and a Matagorda County site fully energizes. The Matagorda deal covers 1,200+ acres with rights up to 2 GW, pending ERCOT/interconnection and FERC approval. The quarter also included a $343 million unrealized loss on bitcoin and higher purchased energy costs.

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