Marathon will acquire natural gas plant operator Long Ridge for $1.5 billion

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BlockBeats News, April 30, according to Reuters, MARA Holdings (MARA.O) said it will acquire Long Ridge Energy & Power from FTAI Infrastructure for $1.5 billion (including debt). This move is an important step for the Bitcoin mining firm to shift into a digital infrastructure and energy company.

In recent years, as one of the largest Bitcoin mining and holding companies, with the rapid growth of AI demand and technological advances, the company has been shifting its focus to digital infrastructure and the energy production that powers it. Although its previous focus on cryptocurrency business did not conflict with the new strategy, MARA is increasingly inclined to directly hold energy assets to ensure there is sufficient power supply for data center development.

The company said Long Ridge has a 505-megawatt combined-cycle natural gas power plant, as well as more than 1,600 acres of contiguous land. MARA Holdings plans to build data centers powered by that power plant on the site.

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