MARA Holdings Agrees to Acquire Long Ridge Energy Power LLC from FTAI Infrastructure

MARA Holdings, Inc. entered into a definitive agreement to acquire Long Ridge Energy Power LLC from FTAI Infrastructure Inc. for an approximately $1.5 billion transaction value (including assumed debt). The deal includes the Long Ridge 505 MW combined-cycle gas power plant in Hannibal, Ohio, plus land and related digital infrastructure campus assets, expected to support MARA’s AI and critical IT expansion plans.