Investment
Features
FeesSafety
Academy
More
Pluang+
|
Home/News Feed/MARA to acquire Long Ridge Energy for $1.5B, boosting digital infrastructure and power capacity by 65%.
MARA
$12.19
-$0.10 -0.81%

MARA to acquire Long Ridge Energy for $1.5B, boosting digital infrastructure and power capacity by 65%.

Company Fundamentals
30 Apr 2026
GlobeNewsWire
View Source
Bullish
pluang ai news

MARA Holdings, Inc. announced a $1.5 billion deal to acquire Long Ridge Energy & Power, including a 505 MW gas power plant and 1,600 acres in Ohio. This acquisition increases MARA's owned power capacity by 65% and adds $144 million in annualized EBITDA, supporting its strategy to build a leading AI and digital infrastructure campus. The site offers immediate access to power, land, water, and fiber, with plans to expand capacity to 600 MW and develop AI and critical IT facilities by mid-2028. The transaction is expected to close in the second half of 2026, pending regulatory approvals.

More News (MARA)

MARA shifts from Bitcoin mining to AI infrastructure, leveraging power capacity and new partnerships.

MARA shifts from Bitcoin mining to AI infrastructure, leveraging power capacity and new partnerships.

MARA Holdings is transitioning from Bitcoin mining to focus on AI infrastructure by utilizing its large, low-cost power capacity as a competitive advantage. The company has made strategic acquisitions, including Exaion for AI expertise and Starwood f...

Market News
Bullish
1 day ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App