11:46 AM EST, 11/11/2024 (MT Newswires) -- MARA (MARA) shares climbed by more than 22% in recent trading on Monday after the company said it added about 372 megawatts of owned and operated compute capacity across three sites in Ohio.

The expansion includes the addition of 222 megawatts with the acquisition of two data centers in Hannibal and Hopedale, Ohio, at a multiple of about $270,000 per megawatt, according to the company.

The company said is also developing a a greenfield data center that will add 150 megawatts of computing capacity on completion and will be energized by the end of 2025.

Price: 23.48, Change: +4.23, Percent Change: +21.97