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

📄Full Article· Automatically extracted by trafilatura2361 words

MARA Holdings to buy Long Ridge Energy in $1.5 billion AI data center push 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. What to know: - MARA Holdings (MARA) is acquiring Long Ridge Energy & Power for $1.5 billion to power its AI data center expansion. - 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. - 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. 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 deal includes Long Ridge’s 505-megawatt combined-cycle gas plant in Hannibal, Ohio, along with more than 1,600 acres of land, water access, fiber links, fuel supply and grid connections, according to a Thursday filing. MARA said the site could support more than 1 gigawatt of total power capacity over time. MARA said the acquisition would raise its owned-and-operated power capacity by about 65% and expand its operating and development pipeline to roughly 2.2 gigawatts across PJM, ERCOT, SPP and international markets. MARA plans to start construction on an initial AI and critical IT buildout in the first half of 2027, with the first capacity targeted for mid-2028. The company said it does not expect to cut Long Ridge’s current power supply to the PJM grid. The company expects the Long Ridge assets to add about $144 million of annualized adjusted EBITDA. The deal is expected to close in the second half of 2026. More For You The firm's MiCA-compliant euro token aims to speed up euro transfers and support regulated onchain finance as the euro stablecoin market doubled since early 2025. What to know: - AllUnity has expanded its MiCA-regulated EURAU stablecoin to the Solana blockchain to enable faster, cheaper euro-denominated transfers. - The move is aimed at businesses and developers who want to move euros onchain in seconds for purposes including cross-border payments, trading, lending and treasury management. - The move comes amid rapid growth in...

Data Status✓ Full text extractedRead Original (CoinDesk)

🔍Historical Similar Events· Keyword + Asset Matching6 items

2026-04-30

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

Similarity 230%關鍵字 data/holdings/mara

2026-04-28

Bitcoin miner Core Scientific shifts to AI with 1.5GW data center push

Similarity 180%關鍵字 data/center/push

2026-04-21

Core Scientific seeks $3.3 billion bond sale to further AI data center pivot

Similarity 180%關鍵字 data/billion/center

2026-04-21