Hannibal site potential of roughly 1 GW
Company: Marathon Digital - Project: Long Ridge
The claim, verbatim
Thiel said the Hannibal site adjacent to Long Ridge has 200 MW of grid connection, room for 200 MW behind-the-meter, and potential to reach roughly 1 GW of total capacity with plant expansions.
Source (primary)
[MARA Holdings Q3 2026 Earnings Call] MARA Posts $632M Net Income Despite 35% Revenue Drop, Unveils $500M Buyback and $1.1B Bitcoin Sale to Slash Debt 37% - BigGo Finance (-, news_article)
View cached copy (2026-11-10)Live source ↗Archive.org ↗
Quote: “has 200 MW of grid connection, room for 200 MW behind-the-meter, and potential to reach roughly 1 GW of total capacity with plant expansions”
How we checked this
Checked on November 11, 2026. The cited source supports every part of this claim.
The document attributes these Hannibal site details to Thiel in its discussion of Long Ridge, describing the site as adjacent.
Confirmed in the source:
- The Hannibal site is adjacent to the Long Ridge plant, according to Thiel's remarks as reported
- The Hannibal site has 200 MW of grid connection
- The Hannibal site has room for 200 MW behind-the-meter
- The Hannibal site has potential to reach roughly 1 GW of total capacity with plant expansions
What we did: Read our cached copy of the publisher (https://finance.biggo.com/news/US_MARA_2026-11-09) in full (12,616 characters, retrieved November 10, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms [MARA Holdings Q3 2026 Earnings Call] MARA Posts $632M Net Income Despite 35% Revenue Drop, Unveils $500M Buyback and $1.1B Bitcoin Sale to Slash Debt 37% - BigGo Finance
Quote: “has 200 MW of grid connection, room for 200 MW behind-the-meter, and potential to reach roughly 1 GW of total capacity with plant expansions”