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MARA Holdings to Buy Long Ridge Energy & Power in $1.5 Billion Deal

MARA states that its April 30 acquisition of Long Ridge Energy would lift total power capacity to 2.2 GW and add about $144 million in annual adjusted EBITDA.

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Fact Check
All key elements of the claim are directly confirmed by the official MARA Holdings investor relations press release ('MARA Advances Its Optimized Digital Infrastructure Strategy with Agreement to Acquire Long Ridge Energy & Power'): the $1.5 billion deal price, the 505 MW natural gas plant, the 1,600+ acres in Ohio, and the strategic expansion beyond Bitcoin mining. The Block's reporting adds the H2 2026 closing timeline and financing details (Barclays bridge loan, $785M+ assumed debt). Reuters independently corroborates the deal. The MARA official homepage also lists the acquisition as a confirmed recent announcement. There are no conflicting sources. The claim is accurate in all material respects.
Summary

MARA Holdings said its $1.5 billion acquisition of Long Ridge Energy would expand the company beyond Bitcoin mining and raise its total power capacity to 2.2 GW. The April 30 deal includes a gas-fired power plant and digital infrastructure in Ohio, and MARA expects the transaction to add about $144 million in annual adjusted EBITDA. Earlier reporting on the topic said Long Ridge’s core assets include a 505 MW natural gas plant and more than 1,600 acres in Ohio, with closing expected in the second half of 2026.

Terms & Concepts
  • Bitcoin mining: The process of using computing power to validate blockchain transactions and earn newly issued Bitcoin and fees.
  • adjusted EBITDA: A profitability metric that measures earnings before interest, taxes, depreciation, and amortization, with additional adjustments for selected items.
  • GW: Gigawatt, a unit of power capacity equal to 1,000 megawatts, used to describe large-scale electricity generation or load.