MARA agrees to acquire Long Ridge Energy for $1.5bn
MARA has agreed to acquire Long Ridge Energy for $1.5bn, including a 505MW gas power plant in Ohio and over 1,600 acres for a digital infrastructure campus. The acquisition is expected to increase MARA's owned capacity by 65% and support AI and critical IT workloads.
MARA, a US-based energy infrastructure company, has agreed to acquire Long Ridge Energy & Power from FTAI Infrastructure for nearly $1.5bn. The deal includes a 505MW combined-cycle gas power plant in Hannibal, Ohio, and over 1,600 acres for a digital infrastructure campus. The campus has potential for over 1GW of total power capacity and can accommodate various operational models, including wholesale power generation and Bitcoin mining. The acquisition is expected to close in the second half of 2026 pending regulatory approvals. MARA plans to begin construction of an initial buildout for AI and critical IT workloads in the first half of 2027, with 200MW of capacity expected to be operational by mid-2028. The company intends to retain Long Ridge Energy's existing team and expand total site capacity to up to 600MW.
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