MARA Holdings is a Bitcoin mining company that operates data centers in Texas, one of the largest U.S. states for cryptocurrency mining due to its abundant energy resources and favorable regulatory environment.
Referenced in 4 briefingsLast referenced: May 25, 2026
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May 25, 2026
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Texas Ranks First on Power. A 5,500-Person Town Decides the Water.
In Granbury, residents are suing after the city annexed and rezoned 2,100 acres for "Project Patriot" without public notice, plus a separate suit against MARA Holdings over Bitcoin mining noise.
MARA Holdings' $1.5 billion acquisition of the 505 MW Long Ridge gas plant in Ohio expands its owned capacity by 65% to 2.2 GW, and CEO Fred Thiel called power "the scarce input in AI."
MARA Holdings is acquiring Long Ridge's 505 MW combined-cycle plant in Hannibal, Ohio for $1.5 billion plus $785 million in assumed debt, bundling 1,600 acres, fuel supply, water access, and grid interconnection into a single platform.