MARA s 1.5 Billion Transformation into an Energy Company

MARA Holdings, a Bitcoin miner, has entered into an agreement to acquire the gas power plant Long Ridge Energy & Power from FTAI Infrastructure for 1.5 billion. The deal includes Long Ridge s debt of 785 million, with the remainder covered by cash and a loan from Barclays.
According to MARA, the asset is expected to generate approximately 144 million in annual adjusted EBITDA based on the second half of 2025. The company plans to build an integrated digital infrastructure campus with a capacity of over 1 GW on the site.
Long Ridge is a highly efficient contracted energy platform
said MARA s CEO Fred Thiel,
that combines generation, fuel supply, network connectivity, land, water, and fiber optics in one location.
In February, MARA announced its shift towards data centers while reporting a 1.7 billion loss for the fourth quarter of 2025. The company aims to transform from a pure Bitcoin miner into an energy and digital structure. On March 30, MARA sold 15,133 BTC for 1.1 billion to repurchase its bonds.
On April 30, MARA s shares closed up nearly 12 at around 12, increasing by 54 over the past six months. MARA is the second-largest public miner by operational hash rate 61.7 EH s and remains the leader in Bitcoin production, mining 736 BTC in April.