MARA Holdings to Acquire Long Ridge for $1.5 Billion in Digital Infrastructure Pivot

MARA Holdings signed a definitive agreement on Thursday to acquire Long Ridge Energy & Power from FTAI Infrastructure Inc (FIP) for $1.5 billion, marking a significant strategic pivot toward energy infrastructure. The deal includes a 505 MW gas-fired power plant and 1,600 acres of land located in Hannibal, Ohio, providing over 1 GW of power capacity for future AI and IT data center buildouts. Following the announcement, MARA stock recorded a double-digit percentage gain as investors cheered the move toward vertical integration. By integrating these assets, the company aims to reposition itself beyond Bitcoin mining as a diversified digital infrastructure leader. The acquisition is designed to stabilize energy costs and provide the necessary scale for high-performance computing requirements. Analysts view this transaction as a major step in reducing the firm's exposure to volatile cryptocurrency market cycles while securing tangible energy assets.