⚡️ MARA Holdings is purchasing the Long Ridge Energy & Power gas-fired power plant from FTAI Infrastructure for $1.5 billion, including $785 million in debt. The remaining amount will be paid in cash and a loan from Barclays.



Based on the site, the company plans to build a digital infrastructure campus with a capacity of over 1 GW. The asset is expected to generate approximately $144 million in adjusted EBITDA annually.

Essentially, MARA is transforming from a Bitcoin miner into an energy and digital infrastructure company.

On April 30, the company's shares rose nearly 12% — to $11.99.
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