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• MARA Holdings has reached an agreement to acquire Long Ridge from FTAI Infrastructure for $1.5 billion, the company announced on Thursday.
• The asset includes a 505 MW gas plant in Ohio and 1,600 acres, with MARA planning a data center powered as it pivots toward digital infrastructure.

MARA Holdings has agreed to acquire Long Ridge Energy & Power from FTAI Infrastructure for $1.5 billion, marking a shift by one of the largest publicly traded bitcoin miners toward owning power and data center assets.

The purchase price comprises the assumption of at least $785 million in existing debt, with the remaining balance paid in cash and backstopped by a bridge loan from Barclays, the company said in a statement on Thursday.

According to the release, the acquisition is expected to add approximately $144 million in annualized adjusted EBITDA based on second-half 2025 performance, providing immediate cash-generating operations. MARA plans to use the site to establish an integrated digital infrastructure campus with over 1 GW of potential capacity, combining power generation, land, water, and fiber connectivity.

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