MARA Holdings to buy Long Ridge Energy in $1.5 billion AI data center push

Finance Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email MARA Holdings to buy Long Ridge Energy in $1.5 billion AI data center push The deal includes a 505 MW gas plant and 1,600 acres in Ohio, offering over 1 GW power capacity for future AI and IT buildout. By Francisco Rodrigues | Edited by Stephen Alpher Apr 30, 2026, 12:44 p.m. 1 min read Make preferred on (Taylor Vick/Unsplash) What to know : MARA Holdings (MARA) is acquiring Long Ridge Energy & Power for $1.5 billion to power its AI data center expansion. The deal includes a 505 MW gas plant and 1,600 acres in Ohio, offering over 1 GW power capacity for future AI and IT buildout. The acquisition increases MARA's capacity by 65%, adds $144M in annualized adjusted EBITDA, and is expected to close in the second half of 2026. MARA Holdings (MARA) has agreed to buy Long Ridge Energy & Power in a deal valued at about $1.5 billion. MARA will also assume at least $785 million of debt backstopped by a bridge loan. The seller, FTAI Infrastructure (FIP), is up 12% in pre-market trading. MARA is ahead 3%. The deal includes Long Ridge’s 505-megawatt combined-cycle gas plant in Hannibal, Ohio, along with more than 1,600 acres of land, water access, fiber links, fuel supply and grid connections, according to a Thursday filing . MARA said the site could support more than 1 gigawatt of total power capacity over time. MARA said the acquisition would raise its owned-and-operated power capacity by about 65% and expand its operating and development pipeline to roughly 2.2 gigawatts across PJM, ERCOT, SPP and international markets. MARA plans to start construction on an initial AI and critical IT buildout in the first half of 2027, with the first capacity targeted for mid-2028. The company said it does not expect to cut Long Ridge’s current power supply to the PJM grid. The company expects the Long Ridge assets to add about $144 million of annualized adjusted EBITDA. The deal is expected to close in the second half of 2026. Bitcoin News More For You Germany’s AllUnity expands EURAU to Solana as euro stablecoins gain traction By Krisztian Sandor | Edited by Sheldon Reback 47 minutes ago The firm's MiCA-compliant euro token aims to speed up euro transfers and support regulated onchain finance as the euro stablecoin market doubled since early 2025. What to know : AllUnity has expanded its MiCA-regulated EURAU stablecoin to the Solana blockchain to enable faster, cheaper euro-denominated transfers. The move is aimed at businesses and developers who want to move euros onchain in seconds for purposes including cross-border payments, trading, lending and treasury management. The move comes amid rapid growth in... Read full story Latest Crypto News Germany’s AllUnity expands EURAU to Solana as euro stablecoins gain traction 47 minutes ago The Green Beret was just the start: New data suggests military insider trading crisis on Polymarket 48 minutes ago Seasonal trends favor bulls even as bitcoin ends April in a defensive mood 1 hour ago Bitcoin faces $80,000 resistance as derivatives shows signs of risk aversion 1 hour ago Wasabi Protocol drained of $4.5 million in apparent admin key compromise 2 hours ago XO Market bets on user-generated prediction markets to rival Polymarket and Kalshi 3 hours ago Top Stories Trump-backed World Liberty Financial races toward 62 billion token unlock with near-unanimous vote 4 hours ago Jack Mallers' Twenty One Capital surges after majority holder Tether proposes 3-way merger 14 hours ago Dogecoin zooms 10%, breaking away from bitcoin as open interest hits a yearly peak 4 hours ago Hyperliquid’s HYPE token could be its prediction market weapon, Arthur Hayes says 7 hours ago Big Tech's multi-billion dollar AI bets are still on track as Mag 7 giants report earnings 15 hours ago The AI-crypto disconnect: Why Pantera’s CEO thinks institutions are missing the boat on bitcoin 21 hours ago