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MARA to Buy Long Ridge for $1.5B in Shift Toward AI Infrastructure

2026-05-02 16:50:38

MARA Holdings said it will acquire Long Ridge Energy & Power from FTAI Infrastructure for $1.5 billion, including assumed debt. Long Ridge owns a 505-megawatt natural gas power plant and more than 1,600 contiguous acres in Ohio. MARA expects the deal to close in the second half of 2026 and use the site for AI and high-performance computing data centers.

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