---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-193982"
form_type: "8-K"
ticker: "MARA"
cik: "0001507605"
company_name: "MARA Holdings, Inc."
filed_at: "2026-04-30T23:59:59+00:00"
generated_at: "2026-05-15T00:47:03.840332+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# MARA to acquire Long Ridge Energy for ~$1.5B, adding 505 MW gas plant and 1+ GW campus

## Summary
- Transaction value ~$1.5B including assumption of at least $785M debt backstopped by Barclays bridge loan.
- Long Ridge assets: 505 MW CCGT plant, 1,600+ acres, rail infrastructure; total potential capacity >1 GW.
- Adds ~$144M annualized Adjusted EBITDA (based on 2H 2025); all-in operating costs <$15/MWh.
- Expected to increase MARA's owned and operated power capacity by ~65%; closing targeted H2 2026.
- Plans to retain Long Ridge team and develop up to 600 MW AI/Critical IT load, with initial buildout starting 1H 2027.

## SEC filing metadata
- accession: 0001193125-26-193982
- form_type: 8-K
- ticker: MARA
- cik: 0001507605
- company_name: MARA Holdings, Inc.
- filed_at: 2026-04-30T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1507605/000119312526193982/0001193125-26-193982-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1507605/000119312526193982/d54802d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-193982
- JSON: https://secwatch.observer/filing/0001193125-26-193982.json
- Plain text: https://secwatch.observer/filing/0001193125-26-193982.txt

## Source-grounded claims
- claim_id: 7230cf10d489f5ab001303150337018dd40395ac
  claim: MARA Holdings, Inc. entered into a asset purchase with FTAI Infrastructure Inc. valued at approximately $1.5 billion (effective 2026-04-30).
  evidence_excerpt: MARA Holdings, Inc. (NASDAQ: MARA) (“MARA”), a leading energy and compute infrastructure company, today announced that it has entered into a definitive agreement to acquire Long Ridge Energy & Power LLC (“Long Ridge Energy”) from FTAI Infrastructure Inc. (NASDAQ: FIP) (“FTAI Infrastructure”) for a total transaction value of approximately $1.5 billion (including the assumption of certain debt).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1507605/000119312526193982/0001193125-26-193982-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.