MARA's $1.5B Long Ridge Buy Sets the New AI Infrastructure Playbook

MARA's $1.5B Long Ridge buy collapses power, fuel, and land into a single transaction while Maine advances a 20 MW moratorium and 48 projects worth $156B stalled nationally in 2025. Behind-the-meter ownership is now table stakes, and Texas developers who front-load water offsets and anchor tenancy before zoning will capture what restriction states are pushing away.