MARA files investor presentation on $1.5B Long Ridge acquisition, expanding into HPC infrastructure

Filed June 25, 2026 · Period ending June 25, 2026 · ~2 min read

Key Changes

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  MARA disclosed investor presentation on its April 29 agreement to acquire Long Ridge Energy & Power for ~$1.5B, expanding beyond Bitcoin mining into high-performance computing and digital energy infrastructure.

  Item 8.01 verify on EDGAR →
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  Long Ridge reported Q1 2026 revenues of $174.6M but posted a $1.26B net loss and negative $1.04B adjusted EBITDA, indicating current operations are unprofitable on both GAAP and adjusted bases.

  Exhibit 99.1 verify on EDGAR →
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  Transaction requires third-party approvals and MARA securing financing on acceptable terms for the $1.5B purchase price; Long Ridge carries $2.22B in long-term debt against $4.95B in total assets as of March 31, 2026.

  Item 8.01 verify on EDGAR →