SUBSEQUENT EVENTS	3 Months Ended
Mar. 31, 2026
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS On April 29, 2026, the Company, through its subsidiary MARA USA Corporation, entered into an equity purchase agreement to acquire 100% of the issued and outstanding membership interests in Long Ridge Energy & Power LLC (“Long Ridge”) from subsidiaries of FTAI Infrastructure Inc. for a base purchase price of approximately $1.5 billion, subject to customary purchase price adjustments, including the assumption of Long Ridge’s existing indebtedness. Long Ridge’s assets include a 485 MW combined-cycle gas turbine power plant in Hannibal, Ohio (expected to increase to 505 MW in the second half of 2026) and over 1,600 contiguous acres with access to water, fiber and rail infrastructure. The facility is located adjacent to the Company’s existing Hannibal, Ohio data center operations. To finance the transaction, the Company entered into a commitment letter with Barclays Bank PLC (“Barclays”) pursuant to which Barclays committed to provide a 364-day senior secured bridge term loan facility in an aggregate principal amount of up to $785.0 million, which is intended to backstop the Company’s assumption of Long Ridge’s existing indebtedness. The closing of the transaction is subject to customary closing conditions, including regulatory approvals under the Hart-Scott-Rodino Act and from the Federal Energy Regulatory Commission. The equity purchase agreement may be terminated by either party if the transaction has not closed by November 30, 2026 (or June 30, 2027 if certain regulatory conditions remain unsatisfied). Under certain circumstances, the Company may be required to pay a termination fee of $75.0 million.

On April 29, 2026, the Company, through its subsidiary MARA USA Corporation, entered into an equity purchase agreement to acquire 100% of the issued and outstanding membership interests in Long Ridge Energy & Power LLC (“Long Ridge”) from subsidiaries of FTAI Infrastructure Inc. for a base purchase price of approximately $1.5 billion, subject to customary purchase price adjustments, including the assumption of Long Ridge’s existing indebtedness.

Long Ridge’s assets include a 485 MW combined-cycle gas turbine power plant in Hannibal, Ohio (expected to increase to 505 MW in the second half of 2026) and over 1,600 contiguous acres with access to water, fiber and rail infrastructure. The facility is located adjacent to the Company’s existing Hannibal, Ohio data center operations.

To finance the transaction, the Company entered into a commitment letter with Barclays Bank PLC (“Barclays”) pursuant to which Barclays committed to provide a 364-day senior secured bridge term loan facility in an aggregate principal amount of up to $785.0 million, which is intended to backstop the Company’s assumption of Long Ridge’s existing indebtedness.

The closing of the transaction is subject to customary closing conditions, including regulatory approvals under the Hart-Scott-Rodino Act and from the Federal Energy Regulatory Commission. The equity purchase agreement may be terminated by either party if the transaction has not closed by November 30, 2026 (or June 30, 2027 if certain regulatory conditions remain unsatisfied). Under certain circumstances, the Company may be required to pay a termination fee of $75.0 million.