Bitcoin miner MARA to acquire Long Ridge in $1.5 billion Ohio gas plant deal
The Block
MARA Holdings is acquiring Long Ridge Energy & Power for $1.5 billion to expand into power and digital infrastructure assets.Summary
MARA Holdings has announced a $1.5 billion deal to acquire Long Ridge Energy & Power from FTAI Infrastructure. The acquisition, involving debt assumption and a bridge loan from Barclays, represents a strategic pivot for the bitcoin miner toward owning power and data center assets. MARA plans to develop the site into an integrated digital infrastructure campus with over 1 GW capacity, targeting both bitcoin mining and potential AI or IT tenants. This move follows the company's recent shift in treasury policy allowing for broader bitcoin sales.
(Source：The Block)