MARA plans to acquire the Long Ridge power plant for $1.5 billion, betting on AI computing power and energy.

CoinFeed reported on April 30th that, according to Reuters, MARA Holdings announced it will acquire Long Ridge Energy & Power, a subsidiary of FTAI Infrastructure, for $1.5 billion, including approximately $785 million in debt assumption. Long Ridge owns a 505-megawatt natural gas combined cycle power plant and over 1,600 acres of industrial land in Hannibal, Ohio, where MARA plans to build a data center campus powered by the plant. This transaction marks a significant step in MARA's transformation from a Bitcoin mining company to a digital infrastructure and energy company, and is expected to close later in 2026, subject to approvals from agencies including the Federal Energy Regulatory Commission (FERC).