MARA to acquire Long Ridge Energy & Power for ~$1.5B, expanding into HPC and digital infrastructure

MARA Holdings, Inc.

Acquisition of 100% of Long Ridge Energy & Power LLC for ~$1.5 billion base purchase price, subject to adjustments.
Sellers are Ohio River Partners Holdco LLC and FTAI Infrastructure Inc.; closing subject to regulatory approvals.
Transaction positions MARA to develop the Hannibal, Ohio campus for hyperscale/AI and Bitcoin mining workloads.
MARA expects the acquisition to be accretive to profitability and advance its digital energy infrastructure strategy.

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