Svmuu Bitcoin mining company MARA Holdings announced it will acquire Long Ridge Energy & Power from FTAI Infrastructure for $1.5 billion (including assumed debt), with the transaction expected to close in the second half of 2026. This move marks a key step in MARA's strategic transformation from a bitcoin mining giant into a digital infrastructure and energy company.
Long Ridge's core assets include a 505-megawatt combined-cycle natural gas power plant and over 1,600 contiguous acres of land in Ohio. MARA plans to build large-scale data centers on this site, powered by its own plant, prioritizing computing power demands for AI and high-performance computing (HPC), thereby strengthening energy supply autonomy and reducing computing costs. Upon completion of this acquisition, MARA will enhance its self-owned power capacity and AI computing power layout potential, serving as a crucial pivot point for entering the rapidly growing AI infrastructure track. (Reuters)