MARA Acquires $1.5 Billion Ohio Power Plant to Establish AI Infrastructure
- Strategic Shift: MARA's $1.5 billion acquisition of Long Ridge Energy in Ohio marks a significant pivot from traditional Bitcoin mining to establishing AI computing infrastructure, which is expected to enhance its competitive position in the market.
- Enhanced Energy Control: This acquisition increases MARA's directly controlled energy capacity by approximately 65%, bringing total capacity to about 2.2 GW, with the Long Ridge facility projected to generate approximately $144 million in annualized adjusted EBITDA while reducing operational costs to under $15 per megawatt-hour.
- AI Infrastructure Development: Construction of AI and mission-critical IT infrastructure at Long Ridge is scheduled to begin in the first half of 2027, with initial operational capacity expected by mid-2028, demonstrating the company's focus on sustainable infrastructure rather than short-term mining capacity.
- Market Response: MARA's stock rose 4.24% following the acquisition announcement but subsequently fell 1.81% in after-hours trading, reflecting initial market enthusiasm for the new strategy that later cooled.
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Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI). As of , Sleepless AI (AI) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 2 indicators are flashing buy, while 5 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for AI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, AI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0147 | 0.019 | 0.0233 | 0.0276 | 0.0319 | 0.0362 | 0.0405 |
| Fibonacci | 0.019 | 0.0223 | 0.0243 | 0.0276 | 0.0309 | 0.0329 | 0.0362 |
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