Bitcoin Miner MARA Buys OH’s Long Ridge Gas Plant, Transload Site
Long Ridge Energy & Power operates a 485 MW (nameplate 505 MW) combined-cycle natural gas power plant in Hannibal, Ohio, designed for eventual 100% hydrogen fuel usage. Located on a 1,600-acre site formerly used by an aluminum smelter, it serves the PJM grid and supports an integrated digital infrastructure/data center campus. Long Ridge has sort of morphed over the years. It originally served as a transloading terminal where frac sand and equipment used for shale drilling were hauled in by barge or rail and transferred to trucks. The transloading aspect of the terminal seems to be deemphasized these days. The new news is that the owner of Long Ridge, FTAI Infrastructure Inc., announced it is selling the facility and gas-fired power plant to MARA Holdings, Inc. for $1.52 billion. Read More “Bitcoin Miner MARA Buys OH’s Long Ridge Gas Plant, Transload Site”
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