MARA Holdings to Acquire Long Ridge Energy for $1.5B

Core Acquisition Details

MARA Holdings (NASDAQ:MARA) announced a definitive agreement to acquire Long Ridge Energy & Power LLC from FTAI Infrastructure Inc. for approximately $1.5 billion, including assumed debt. The company's stock rose 1.7% on the news.

The acquisition includes a 505 MW gas power plant and over 1,600 acres in Ohio, intended to become an integrated digital infrastructure campus.

Strategic Expansion Overview

This transaction will increase MARA’s owned power capacity by roughly 65% and is projected to add an estimated $144 million in annualized adjusted EBITDA. The deal marks a significant expansion of the company's operational footprint and a strategic pivot towards broader digital infrastructure services.

MARA plans to begin construction of an AI and critical IT facility on the site in the first half of 2027.

Market and Financial Impact

With this deal, MARA's total operational and development capacity will grow to approximately 2.2 gigawatts across key markets. The move diversifies its revenue streams beyond digital asset mining into the high-demand AI and data center sectors.

The transaction is expected to close in the second half of 2026, subject to regulatory clearance, including FERC approval.

Summary and Outlook

MARA's acquisition of Long Ridge Energy positions it as a key player in the energy and digital infrastructure landscape. The positive stock movement, despite weakness in bitcoin, suggests investor approval of this diversification strategy. Future success will hinge on regulatory approvals and the successful execution of its AI infrastructure development.

FAQ

Q: What is MARA Holdings acquiring?
A: MARA is acquiring Long Ridge Energy & Power, which includes a 505 MW power plant and a large-scale digital infrastructure campus in Ohio.

Q: What is the value of the deal?
A: The transaction is valued at approximately $1.5 billion, which includes the assumption of existing debt.

Source: Investing.com