MARA to acquire Long Ridge Energy for $1.5B, adding 505 MW power plant and 1,600 acres

Filed April 30, 2026 · Period ending April 29, 2026 · ~2 min read

Key Changes

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  MARA's subsidiary entered a definitive agreement to acquire Long Ridge Energy for ~$1.5B (including assumed debt), adding a 505 MW gas power plant in Hannibal, Ohio, and over 1,600 contiguous acres with water and fiber access to support AI and data center expansion.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
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  The acquisition is expected to contribute ~$144M in annualized adjusted EBITDA based on Long Ridge's 2H 2025 performance, providing stable cash flows to fund MARA's digital infrastructure development plans.

  Exhibit 99.1 verify on EDGAR →
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  MARA secured a commitment from Barclays for up to $785M in bridge financing via a 364-day senior secured term loan facility to fund the acquisition, with the transaction also assuming at least $785M of Long Ridge's existing debt.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →