Marathon Digital Holdings is acquiring Long Ridge Energy for $1.5 billion to expand its AI data center capacity. The deal includes a 505 MW natural gas power plant and 1,600 acres of land in Ohio, providing over 1 GW of power capacity to support future AI and IT infrastructure buildout.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
XRP Spot ETF Posts $5.8284 Million Net Outflows Today; AUM Hits $1.044 Billion
According to ChainCatcher, XRP spot ETF saw net outflows of $5.8284 million today, with total assets under management reaching $1.044 billion as of reporting time.
GateNews2m ago
Kissht Raises $29.3M in IPO Anchor Funding
Digital lending platform Kissht raised 2.8 billion rupees (US$29.3 million) from 22 anchor investors at 171 rupees (US$1.8) per share before its IPO opened on April 30, according to an exchange filing reported by The Economic Times.
IPO Structure and Valuation
Anchor investors in the round
CryptoFrontier8m ago
Atlassian Raises FY Guidance After Q3 Revenue Beat
Australian software company Atlassian raised its full-year revenue growth forecast to 24% from 22% on April 30 after third-quarter sales exceeded analyst estimates, according to Reuters. The company reported Q3 revenue of US$1.79 billion versus the US$1.69 billion estimate, and its shares rose
CryptoFrontier18m ago
Grayscale Solana Trust Sees $1.24M Net Outflows on April 30
According to SoSoValue, Grayscale Solana Trust (GSOL) experienced net outflows of $1.2396 million on April 30 (U.S. Eastern Time). As of press time, Solana spot ETF assets under management totaled $849 million, with cumulative net inflows reaching $1.018
GateNews28m ago
Reddit Q2 Revenue Forecast Tops Estimates at $715-725M, Driven by AI Tools
According to Reuters, on April 30, Reddit forecast second quarter revenue of $715 million to $725 million, above analysts' $711.6 million estimate. The company attributed the outperformance to AI tools that help advertisers target users and manage campaigns. Reddit also projected adjusted EBITDA of
GateNews38m ago
Blue Owl Gains 10% After Announcing 10x Return on SpaceX Investment
According to CNBC, Blue Owl rose 10% in trading on its first-quarter earnings call after executives announced the US private credit firm had made about 10 times its money on a SpaceX investment. The firm said it had sold approximately half of the stake at a $1.25 trillion valuation. An executive
GateNews1h ago
