MARA acquires Long Ridge for $1.5 billion, pivoting to digital infrastructure

Odaily reported that Bitcoin mining company MARA Holdings has announced the acquisition of Long Ridge Energy & Power from FTAI Infrastructure for $1.5 billion (including assumed debt). The transaction is expected to close in the second half of 2026. This move marks a strategic shift for MARA 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 more than 1,600 acres of contiguous land in Ohio. MARA plans to build a large-scale data center on the site, powered by its own plant, to prioritize the computing needs of AI and high-performance computing (HPC), thereby strengthening its energy supply autonomy and lowering computing costs. Upon completion of this acquisition, MARA will enhance its self-owned power capacity and potential for AI computing layout, serving as a critical fulcrum for its entry into the rapidly growing AI infrastructure sector. (Reuters)