MARA agrees to buy Long Ridge Energy
MARA Holdings shares rose 1.7% Thursday after the company announced a definitive agreement to acquire Long Ridge Energy & Power from FTAI Infrastructure for about $1.5 billion, including assumed debt. The deal includes a 505 MW gas power plant in Hannibal, Ohio, and more than 1,600 acres for a digital infrastructure campus. MARA said the transaction would lift owned and operated power capacity by about 65% and add about $144 million in annualized adjusted EBITDA, based on Long Ridge’s second half 2025 performance. The deal needs regulatory approvals and is expected to close in the second half of 2026.
MARA would increase owned power capacity by about 65%.
Context
MARA said it has a deal to add more power and land. The deal still needs U.S. approvals.…
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