MARA Holdings, Inc. /
Long Ridge Energy & Power LLC
MARA agrees to buy Long Ridge power plant assets for about $1.5 billion
Source for the buyer and target: MARA Holdings, Inc.
For the buyer and target.
“Miami, FL, — April 30, 2026 — MARA Holdings, Inc. (NASDAQ: MARA) (“MARA”), a leading energy and compute infrastructure company, today announced that it has entered into a definitive agreement to acquire Long Ridge Energy & Power LLC (“Long Ridge Energy”) from FTAI Infrastructure Inc. (NASDAQ: FIP) (“FTAI Infrastructure”) for a total transaction value of approximately $1.5 billion (including the assumption of certain debt).”
Published 30 Apr 2026
Open the sourceWhat happened
MARA's US subsidiary signed an equity purchase agreement on April 29, 2026 to acquire all membership interests in Long Ridge Energy & Power LLC from its sellers. The target includes a combined-cycle gas power plant in Hannibal, Ohio, plus surrounding industrially permitted land. [01]
The purchase price is a base amount subject to customary adjustments, and Long Ridge would become an indirect wholly owned subsidiary of MARA once the deal is done. [01]
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MARA agrees to buy Long Ridge power plant assets for about $1.5 billion
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Agreement signed
“MARA agrees to buy Long Ridge power plant assets for about $1.5 billion MARA's US subsidiary signed an equity purchase agreement on April 29, 2026 to acquire all membership interests in Long Ridge Energy & Power LLC f…”
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