MARA has reached an agreement to acquire Long Ridge, enabling it to address surging demand for AI infrastructure more swiftly. This acquisition grants immediate access to essential resources such as power, land, water, and fiber in a key data center market, significantly shortening the timeline for infrastructure development. The deal not only includes the assumption of debt supported by a Barclays bridge loan but also enhances MARA’s capabilities by incorporating a highly efficient power plant in Hannibal, Ohio, aimed at serving AI workloads and high-performance computing alongside its Bitcoin mining operations.

Marathon Digital Holdings: Marathon Digital Holdings is a leading energy and compute infrastructure company focused on digital assets and high-performance computing. It announced a definitive agreement to acquire Long Ridge Energy & Power LLC for approximately $1.5 billion, gaining a 505 MW combined-cycle gas power plant and over 1,600 acres in Ohio. This move expands its capacity to 2.2 gigawatts across key markets and supports AI data center development starting in 2027.

`json
{
“Market Context”: “The acquisition addresses growing AI infrastructure demand by enhancing access to necessary resources in a key data center market, though this starts in 2027.”,
“Strategic Shift”: “MARA is positioning the asset to serve AI workloads and high-performance computing leases alongside enhancing its digital and energy sectors, including Bitcoin mining and wholesale power sales.”,
“Acquisition Details”: “The deal includes the assumption of debt supported by a Barclays bridge loan and adds a highly efficient power plant in Hannibal, Ohio, for an integrated digital infrastructure campus.”
}
`