MARA Acquires Long Ridge for $1.5 Billion

MARA Holdings (MARA) signed an acquisition agreement to purchase Long Ridge Energy & Power for approximately $1.5 billion in a strategic move in Hannibal, Ohio. The deal lifted the seller FTAI Infrastructure’s (FIP) shares by 12% in pre-market trading and gained MARA 3%.

MARA's Long Ridge Acquisition Details

At the center of this move lies a 505-megawatt combined-cycle gas power plant and 1,600 acres of land; the area is equipped with water access, fiber connections, fuel supply, and grid connections. MARA aims to upgrade the site to a total power capacity exceeding 1 gigawatt for future AI and critical IT projects. The company emphasized that it will proceed without interrupting power flow to the existing PJM grid. The acquisition will significantly expand MARA’s owned and operated power capacity; it will strengthen its development pipeline across PJM, ERCOT, SPP, and international markets.

Construction Timeline and Financial Contributions

Construction work will begin in the first half of 2027, with initial capacity coming online in mid-2028. The Long Ridge assets are positioned to contribute approximately $144 million in annual adjusted EBITDA. The deal is expected to close in the second half of 2026; MARA is also assuming debt obligations supported by a $785 million bridge loan. This step stands out as part of the firm’s strategy to diversify its energy infrastructure, especially in an environment where demand for data centers is accelerating.

MARA's Transformation from Bitcoin Mining to AI

This acquisition signals an acceleration in the transition of players like MARA from bitcoin mining to AI-focused data infrastructure. The strong land and connectivity advantages will play a critical role in meeting high-density computing needs. As energy scarcity pressures intensify across the sector, such integrated facilities create a competitive edge. In the long term, similar investments could proliferate in regions like PJM and ERCOT. Check BTC market data for detailed BTC analysis.

BTC Technical Analysis: Market Reaction to MARA's Move

BTC is currently trading at $78,450.56 (+0.02% 24h). RSI at 61.26 is neutral, trend sideways but Supertrend giving bearish signal. EMA 20: $76,034. Supports: S1 $71,926 (strong, -8.15%), S2 $75,678 (-3.36%). Resistances: R1 $79,428 (very strong, +1.43%), R2 $84,650 (+8.10%). MARA's energy expansion could reinforce BTC miners' strength in the BTC futures market. BTC spot analysis is recommended.