{"id":956427,"date":"2026-04-30T07:13:43","date_gmt":"2026-04-30T11:13:43","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/mara-advances-its-optimized-digital-infrastructure-strategy-with-agreement-to-acquire-long-ridge-energy-power\/"},"modified":"2026-04-30T07:13:43","modified_gmt":"2026-04-30T11:13:43","slug":"mara-advances-its-optimized-digital-infrastructure-strategy-with-agreement-to-acquire-long-ridge-energy-power","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/mara-advances-its-optimized-digital-infrastructure-strategy-with-agreement-to-acquire-long-ridge-energy-power\/","title":{"rendered":"MARA Advances Its Optimized Digital Infrastructure Strategy with Agreement to Acquire Long Ridge Energy & Power"},"content":{"rendered":"
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\u00a0Establishes Premier Digital Infrastructure Campus with Over 1 GW of Total Potential Capacity, Including 200 MW of Existing MARA Capacity and Line of Sight to up to 600 Gross MW of AI and Critical IT Loads<\/i><\/p>\n

\n Increases MARA\u2019s Owned and Operated Capacity by 65%<\/i>\n <\/p>\n

\n Adds Approximately $144 Million of Annualized Adjusted EBITDA<\/i>
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\n 1<\/i>
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\n at Less than $15\/MWh of All-In Operating Costs<\/i>\n <\/p>\n

\n MARA to Host Conference Call Today at 8:00 a.m. ET (5:00 a.m. PT)<\/i>\n <\/p>\n

\n Miami, FL, April 30, 2026 (GLOBE NEWSWIRE) — <\/strong>MARA Holdings, Inc. (NASDAQ: MARA) (\u201cMARA\u201d), a leading energy and compute infrastructure company, today announced that it has entered into a definitive agreement to acquire Long Ridge Energy & Power LLC (\u201cLong Ridge Energy\u201d) from FTAI Infrastructure Inc. (NASDAQ: FIP) (\u201cFTAI Infrastructure\u201d) for a total transaction value of approximately $1.5 billion (including the assumption of certain debt). The acquisition includes Long Ridge Energy\u2019s highly efficient 505 MW2<\/sup> nameplate combined-cycle gas power plant (the \u201cLong Ridge CCGT\u201d) in Hannibal, Ohio, and over 1,600 contiguous acres supporting an integrated digital infrastructure campus in one of the most active data center and power markets in the world.<\/p>\n

The acquired campus will provide immediate access to power, land, water and fiber upon closing, with less site development execution risk relative to greenfield alternatives, and supports more than 1 GW of total potential power capacity across generation and load. MARA believes the site is distinctly positioned to support multiple monetization pathways, including long-term HPC leases, flexible compute operations \u2013 including Bitcoin mining \u2013 and wholesale power generation. MARA also believes that assets of this scale and quality are increasingly difficult to replicate given the time, cost and complexity required to secure power, land, permitting and interconnection in today\u2019s market.<\/p>\n

\u201cThe agreement to acquire Long Ridge Energy is a significant step forward in executing our optimized digital infrastructure strategy,\u201d said Fred Thiel, MARA\u2019s chairman and CEO. \u201cPower is the scarce input in AI and, with the planned addition of Long Ridge Energy, we are gaining control of a highly efficient, contracted energy platform that has a rare combination of large-scale power, land, water access, fuel supply and grid interconnection in a single location \u2013 assets that are increasingly difficult to replicate in today\u2019s market \u2013 and is ready for expansion to build a flagship AI campus. By combining energy generation, fuel supply and compute infrastructure, we are building a differentiated platform designed to maximize the value of every megawatt we control.\u201d<\/p>\n

\n Long Ridge Energy Highlights<\/b>\n <\/p>\n

The acquired Long Ridge Energy assets are expected to serve as a cornerstone within MARA\u2019s digital infrastructure development pipeline. With the acquisition, MARA will expand its operational and development capacity to approximately 2.2 gigawatts across the PJM, ERCOT, SPP, and international markets. MARA\u2019s Hannibal data center, co-located at the Long Ridge Energy site, has already received inbound interest from multiple potential investment-grade AI\/Critical IT tenants.<\/p>\n

MARA expects construction of an initial AI\/Critical IT buildout to begin in 1H 2027, with initial capacity accelerated by its current 200 MW of capacity and targeted to be ready for service in mid-2028. MARA also has multiple paths to expand capacity at the site to up to 600 gross MW over time through a combination of grid expansions and on-site power generation, which MARA will pursue in parallel with the transaction close.<\/p>\n

In addition, the Long Ridge CCGT maintains approximately 125 acres of industrially permitted land and is a highly efficient combined-cycle gas turbine in the PJM interconnection, with ~505 MW and approximately 100 MMcfd of vertically integrated fuel supply. The facility benefits from structurally low energy costs, supported by all-in operating costs of less than $15\/MWh, and long-dated hedges that provide durable and visible cash flows. MARA does not expect to reduce Long Ridge Energy\u2019s current supply of power generation into the PJM grid and does not anticipate impact to consumers. As MARA develops additional compute capacity behind the meter, it expects to pair that demand with incremental generation over time.<\/p>\n

As part of the transaction, MARA will also acquire rail infrastructure supporting on-site logistics and operations. Ownership of this infrastructure provides additional flexibility and control over site development, which MARA believes is important in supporting the requirements of AI\/Critical IT customers.<\/p>\n

Following the closing of the transaction, MARA plans to retain Long Ridge Energy\u2019s team, supplementing MARA\u2019s existing expertise and providing a scalable operating platform for future digital infrastructure development.<\/p>\n

\n Transaction Details and Key Financial Highlights <\/b>\n <\/p>\n