MARA’s $1.5 Billion Long Ridge Deal Adds Power Capacity for AI and Bitcoin Mining

CryptoProwl

Thu, April 30, 2026 astatine 9:29 AM CDT 2 min read

MARA (NASDAQ: $MARA) has agreed to get Long Ridge Energy & Power from FTAI Infrastructure successful a woody valued astatine astir $1.5 billion, including assumed debt, adding a ample vigor and compute field to its integer infrastructure strategy. The acquisition includes a 505-megawatt combined-cycle state powerfulness works successful Hannibal, Ohio, and much than 1,600 acres of contiguous onshore successful a large information halfway and powerfulness market. 
 
The acquisition pushes MARA further beyond the accepted bitcoin (CRYPTO: $BTC) mining exemplary and deeper into the energy-control broadside of AI and high-performance computing. The tract is expected to enactment much than 1 gigawatt of full imaginable powerfulness capableness crossed procreation and load, with paths to semipermanent HPC leases, flexible compute operations, bitcoin mining and wholesale powerfulness generation. MARA said the woody would summation its owned and operated powerfulness capableness by astir 65%.  

Long Ridge besides gives MARA a field with power, land, h2o and fibre entree already successful place, reducing immoderate of the improvement hazard that comes with greenfield information halfway projects. The institution said its existing 200 MW of capableness astatine the tract could assistance accelerate an archetypal AI and captious IT buildout, with operation expected to statesman successful the archetypal fractional of 2027 and archetypal capableness targeted for work successful mid-2028. 

MARA president and CEO Fred Thiel said powerfulness is becoming the scarce input successful AI and described Long Ridge arsenic a uncommon level combining large-scale power, land, water, substance proviso and grid interconnection successful 1 location. The institution besides expects the assets to adhd astir $144 cardinal of annualized adjusted EBITDA, based connected Long Ridge’s second-half 2025 performance, astatine little than $15/MWh of all-in operating costs. 

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For MARA, the acquisition is simply a wide effort to crook bitcoin mining infrastructure into a broader compute and vigor level built for the adjacent signifier of demand.  

MARA Holdings Inc. (NASDAQ: MARA) banal is presently trading astatine $11.81 U.S. per share.