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