title: MARA Acquires Long Ridge Energy from FTAI for $1.5 Billion

description: MARA Holdings has agreed to purchase Long Ridge Energy and Power from FTAI Infrastructure for $1.512 billion. This strategic acquisition shifts MARA from cryptocurrency mining toward integrated digital infrastructure and energy generation. The deal includes control of a highly efficient power facility co-located with MARA's existing Hannibal data center, securing critical energy inputs for AI operations.

FTAI Infrastructure Inc.

name_eodhd: FTAI Infrastructure Inc.

name_kgid: Fortress Transportation and Infrastructure Investors

name_orig: FTAI Infrastructure Inc.

ticker_serp: FIP

Marathon Digital Holdings Inc

name_eodhd: Marathon Digital Holdings Inc

name_kgid: MARA Holdings

name_lei: MARA HOLDINGS, INC.

name_orig: Marathon Digital Holdings Inc

name_wiki: Marathon Digital Holdings

ticker_serp: MARA

level_3: renewable energy (retired)

label: Press Release

label: Analysis

industry: Independent Power and Renewable Electricity Producers

sub_industry: Renewable Electricity

sub_industry: Independent Power Producers & Energy Traders

industry: Multi-Utilities

sub_industry: Multi-Utilities

event: Renewable Energy Deal

category: Insider Analysis

subcategory: Major Shareholder

event: Major Shareholder Acquires Stake

subcategory: Acquistion

event: Acquisition Concluded

context: technology

context: economic

disaster_type: Storm

disaster_type: Fire (Industrial)

technique: Financial Theft

sport: marathon swimming

sport: marathon

sport: flat racing (retired)

label: SaleEvent

label: DeliveryEvent

label: Morality

label: fear

tier_4: Mergers and Acquisitions

tier_2: Land and Farms

tier_3: Land and Farms

tier_4: Land and Farms

title: MARA Buys Long Ridge Energy & Power from FTAI for $1.5B

description: Long Ridge Energy & Power operates a 505-megawatt combined-cycle natural gas power plant in Hannibal, Ohio.

snippets: The transaction marks a strategic shift by MARA (Nasdaq: MARA) from cryptocurrency mining toward integrated digital infrastructure and energy generation, positioning the company to support rising AI-driven data center demand. The deal includes assets generating roughly $144 million in annualized adjusted earnings, providing immediate cash flow while MARA develops a planned data center on-site.

snippets: FTAI Infrastructure agreed to sell all membership interests of Long Ridge Energy & Power to MARA USA, a subsidiary of MARA Holdings, for a base purchase price of $1.512 billion, subject to customary adjustments. At closing, $20 million will be placed in escrow for potential post-closing purchase price adjustments. The transaction requires approvals from FERC and under HSR, and coordination with Surface Transportation Board authorization for related railroad agreements, alongside other customary conditions.

snippets: FTAI Infrastructure Inc. is externally managed by an affiliate of Fortress Investment Group LLC, a leading, diversified global investment firm. About MARA Holdings, Inc. MARA (NASDAQ: MARA) deploys digital energy technologies to advance the world's energy systems. Harnessing the power of compute, MARA transforms excess energy into digital capital, balancing the grid and accelerating the deployment of critical infrastructure.

title: MARA to acquire Long Ridge Energy for $1.5 billion

description: MARA to acquire Long Ridge Energy for $1.5 billion

snippets: MARA's existing 200 MW Hannibal data center is co-located at the Long Ridge Energy site. The company expects construction of an initial AI buildout to begin in the first half of 2027, with initial capacity targeted to be ready for service in mid-2028. MARA stated it has multiple paths to expand capacity at the site to up to 600 gross MW over time.

title: MARA Bets Big on Energy with $1.5 Billion Long Ridge Acquisition

description: MARA acquires Long Ridge Energy in a $1.5 billion deal to expand into AI infrastructure and secure power for future data centers.

snippets: MARA has agreed to acquire Long Ridge Energy and Power from FTAI Infrastructure in a deal valued at approximately $1.5 billion. The transaction includes a large natural power plant in Ohio and a vast land parcel aimed at building a next generation data center campus.

title: FTAI Infrastructure to Sell Long Ridge Energy & Power to MARA for $1.512 Billion

description: FTAI Infrastructure agreed to sell all membership interests of Long Ridge Energy & Power to MARA USA, a subsidiary of MARA Holdings, for a base purchase price of $1.512 billion, subject to customary adjustments. At closing, $20 million will be placed in escrow for potential post-closing purchase pr…

title: MARA Holdings (MARA) Stock Surges on $1.5B Power Plant Acquisition for AI Expansion

description: MARA Holdings stock climbed after announcing a $1.5B acquisition of Long Ridge Energy, expanding power capacity by 65% for planned AI infrastructure.

snippets: Gemini (GEMI) stock rose 3.6% premarket after securing CFTC clearinghouse approval, enabling in-house derivatives clearing and crypto futures expansion.

snippets: With the acquisition, MARA will expand its operational and development capacity to approximately 2.2 gigawatts across the PJM, ERCOT, SPP, and international markets. The company's Hannibal data center, co-located at the Long Ridge Energy site, has received inbound interest from multiple potential investment-grade AI and critical IT tenants.

snippets: This strategic acquisition will expand MARA's portfolio of owned and controlled power generation assets by roughly 65%. Performance metrics from Long Ridge during the latter half of 2025 indicate the facility should deliver roughly $144 million in annualized adjusted EBITDA.

title: FTAI Infrastructure to Divest Long Ridge Energy Assets

description: FTAI Infrastructure Incorporation ( ($FIP) ) has provided an update. On April 29, 2026, FTAI Infrastructure Inc. agreed to sell all of the membership interests in Long Ridge Energy &

snippets: On April 29, 2026, FTAI Infrastructure Inc. agreed to sell all of the membership interests in Long Ridge Energy & Power LLC and certain related assets to a subsidiary of MARA Holdings in a transaction valued at about $1.52 billion, subject to customary adjustments. The deal structure includes an escrow for post-closing price adjustments, detailed covenants on business conduct and employee matters, and standard regulatory and contractual closing conditions, with closing targeted for the third quarter of 2026.

snippets: MARA to purchase Long Ridge for total transaction value of approximately $1.52 billion FIP plans to use net proceeds to repay corporate debt and reinvest in growth opportunities Transaction expected to close in the third quarter of 2026 following receipt of necessary regulatory approvals NEW YORK, April 30, 2026 (GLOBE NEWSWIRE) -- FTAI Infrastructure Inc.

snippets: The sale of Long Ridge is a key step in our strategic plan at FIP, unlocking value to our shareholders and deleveraging our company," said Ken Nicholson, Chief Executive Officer of FIP. "Long Ridge has grown from a brownfield development project we commenced nearly a decade ago into an exceptional operating platform."The stock has responded positively to the company's strategic moves, rising 23.71% year-to-date and 34.47% over the past year to trade at $5.67.

title: FTAI Infrastructure to sell Long Ridge to MARA for $1.52 billion

title: MARA Holdings (MARA) Stock Surges on $1.5B Long Ridge Energy Acquisition

description: MARA Holdings (MARA) stock rises on $1.5B Long Ridge Energy deal, adding 505 MW power plant and expanding into AI infrastructure with 65% capacity boost.

snippets: MARA Holdings Inc (NASDAQ: MARA ) shares climbed on Thursday morning. This rally follows the company's announcement of a landmark acquisition.

title: MARA Holdings Acquires Long Ridge to Expand AI Power

description: MARA Holdings ( ($MARA) ) just unveiled an announcement. On April 29, 2026, MARA USA Corporation, a subsidiary of MARA Holdings, agreed to acquire Long Ridge Energy & Power LLC

snippets: On April 29, 2026, MARA USA Corporation, a subsidiary of MARA Holdings, agreed to acquire Long Ridge Energy & Power LLC from Ohio River Partners entities and FTAI Infrastructure for about $1.5 billion, including assumed debt, with closing targeted for the second half of 2026 subject to regulatory and customary conditions.

title: MARA Holdings stock rises on acquisition

description: MARA Holdings stock rises on acquisition

title: FTAI Infrastructure To Sell Long Ridge Energy & Power to MARA Holdings in $1.52 Billion Deal

description: FTAI Infrastructure Inc. has entered into a definitive agreement to sell Long Ridge Energy & Power LLC and related assets... Read More

snippets: MARA Holdings, the buyer in the transaction, operates at the intersection of energy and digital infrastructure. The company said it deploys compute-driven energy technologies and seeks to convert excess energy into digital capital while supporting grid efficiency and high-performance computing applications.

title: FTAI Infrastructure Inc. Announces Agreement to Sell Long Ridge Energy and Power to MARA Holdings, Inc.

title: MARA accelerates mining-to-AI pivot with $1.5B Ohio power plant deal

description: Bitcoin miner MARA said it agreed to acquire Long Ridge Energy & Power for about $1.5 billion, adding a 505-megawatt gas-fired power plant and a co-located data center site in Ohio.The company's Nasdaq-traded shares surged more than 12% following Thursday's announcement, extending a broader rally t…

snippets: The deal is expected to contribute about $144 million in annualized adjusted EBITDA and increase MARA's owned and operated power capacity by roughly 65%, bringing total potential capacity at the site to more than 1 gigawatt, including 200 MW of existing capacity and room to scale compute operations to as much as 600 MW.

snippets: Bitcoin miner MARA Holdings announced a $1.5 billion acquisition of Long Ridge Energy & Power, adding a 505-megawatt gas-fired power plant and 1,600 acres in Ohio for AI infrastructure expansion. The company's shares surged over 12% following the deal, which increases MARA's owned power capacity by 65% and is expected to contribute $144 million in annualized EBITDA.

snippets: MARA disclosed that it has already received inbound interest from investment-grade tenants for long-term AI and high-performance computing leases on the site. The company also plans to continue flexible Bitcoin mining operations and wholesale power sales through PJM.

snippets: Bitcoin miner MARA said it agreed to acquire Long Ridge Energy & Power for about $1.5 billion, adding a 505-megawatt gas-fired power plant and a co-located data center site in Ohio. The company's Nasdaq-traded shares surged more than 12% following Thursday's announcement, extending a broader rally that has seen the stock gain about 55% over the past month, according to Yahoo Finance data.

title: MARA to buy Long Ridge Energy in $1.5 billion AI data center push

description: The deal includes a 505 MW gas plant and 1,600 acres in Ohio, offering over 1 GW power capacity for future AI and IT buildout.

title: MARA Holdings Stock Surges On Heels Of $1.5 Billion Acquisition - MARA Holdings (NASDAQ:MARA)

description: MARA Holdings announced a $1.5 billion deal for Long Ridge Energy. Read more on the impact of this 1 GW power play.

description: MARA to purchase Long Ridge for total transaction value of approximately $1.52 billion FIP plans to use net proceeds to repay corporate debt and reinvest in ...

snippets: MARA Holdings is acquiring Long Ridge Energy & Power for $1.5 billion to power its AI data center expansion. The acquisition increases MARA's capacity by 65%, adds $144M in annualized adjusted EBITDA, and is expected to close in the second half of 2026.

description: MARA to purchase Long Ridge for total transaction value of approximately $1.52 billion FIP plans to use net proceeds to repay corporate debt and reinvest in growth opportunities Transaction expected to close in the third quarter of 2026 following receipt of necessary regulatory approvals FTAI Infra...

snippets: MARA to purchase Long Ridge for total transaction value of approximately $1.52 billion FIP plans to use net proceeds to repay corporate debt and reinvest in growth opportunities Transaction expected to close in the third quarter of 2026 following receipt of necessary regulatory approvals FTAI Infrastructure Inc.

title: FTAI Infrastructure Inc. Announces Agreement To Sell Long Ridge Energy And Power To MARA Holdings, Inc.

description: (MENAFN - GlobeNewsWire - Nasdaq) MARA to purchase Long Ridge for total transaction value of approximately $1.52 billion FIP plan

snippets: The Company intends to use the net proceeds from the transaction, after repayment of asset-level debt, to repay a portion of its outstanding corporate debt and for reinvestment in new growth opportunities, including potential acquisitions. The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close in the third quarter of 2026.

description: MARA to purchase Long Ridge for total transaction value of approximately $1.52 billion FIP plans to use net proceeds to repay corporate debt and reinvest...

snippets: MARA (NASDAQ: MARA) deploys digital energy technologies to advance the world's energy systems. Harnessing the power of compute, MARA transforms excess energy into digital capital, balancing the grid and accelerating the deployment of critical infrastructure. Building on its expertise to redefine the future of energy, MARA develops technologies that reduce the energy demands of high-performance computing applications, from AI to the edge.

title: Bitcoin Miner MARA Holdings Signs $1.5B Deal for Ohio Gas Plant, Plans AI Data Center

description: MARA Holdings acquires Long Ridge Energy for $1.5B, adding a 505 MW Ohio power plant to fuel AI data center expansion by mid-2028.

description: Buyer gets a 485-megawatt gas plant and related assets. FIP says the deal will eliminate $1.16B of Long Ridge debt and close in Q3 2026.

title: MARA plans to acquire the Long Ridge power plant for $1.5 billion, betting on AI computing power and energy.

description: PANews reported on April 30th that, according to Reuters, MARA Holdings announced it will acquire Long Ridge Energy & Power, a subsidiary of FTAI Infrastructure, for $1.5 billion, including approximately $785 million in debt assumption. Long Ridge owns a 505-megawatt natural gas combined cycle power plant and over 1,600 acres of industrial land in Hannibal, Ohio, where MARA plans to build a data center campus powered by the plant.

snippets: PANews reported on April 30th that, according to Reuters, MARA Holdings announced it will acquire Long Ridge Energy & Power, a subsidiary of FTAI Infrastructure, for $ 1.5 billion, including approximately $ 785 million in debt assumption. Long Ridge owns a 505- megawatt natural gas combined cycle power plant and over 1,600 acres of industrial land in Hannibal, Ohio, where MARA plans to build a data center campus powered by the plant.

title: MARA Holdings to buy Long Ridge Energy in $1.5 billion AI data center push

description: Visit the original article* MARA Holdings (MARA) has agreed to buy Long Ridge Energy & Power in a deal valued at about $1.5 billion. MARA will also assume at least $785 million of debt backstopped by a bridge loan. The seller, FTAI Infrastructure (FIP), is up 12% in pre-market trading. MARA is ahead 3%. The […]

title: MARA acquires $1.5B power plant to build flagship AI campus as Bitcoin miners pivot to HPC