Data Center · Datacenter Dynamics
Mara picks up 505MW gas plant in Ohio, intends to construct 200MW data center at site
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Cryptocurrency and HPC data center developer Mara Holdings has signed a deal to acquire a 505MW combined-cycle gas turbine (CCGT) power plant in Hannibal, Ohio, which includes more than 1,600 acres of land capable of hosting a large-scale data center campus.
Key facts
- Mara will acquire the Long Ridge Energy plant from Long Ridge Energy & Power for approximately $1.5 billion, which includes the assumption of $785 million of debt, backstopped by a bridge loan
- Cryptocurrency and HPC data center developer Mara Holdings has signed a deal to acquire a 505MW combined-cycle gas turbine (CCGT) power plant in Hannibal, Ohio, which includes more than 1,600 acres
- Hannibal is an unincorporated community and in eastern Ohio Township, Monroe County, along the state border with West Virginia
- Following the transaction's close, which is expected by H2 2026, Mara plans to retain Long Ridge Energy’s team
Summary
Mara will acquire the Long Ridge Energy plant from Long Ridge Energy & Power for approximately $1.5 billion, which includes the assumption of $785 million of debt, backstopped by a bridge loan from Barclays. Mara said that the campus will provide immediate access to power, land, water, and fiber, and will support more than 1GW of total potential power capacity across both generation and IT load. According to the company, the development will serve as the cornerstone of its data center development pipeline. The first phase of the project is expected to be ready for service in mid-2028.