PANews April 30 news, according to Reuters, MARA Holdings announced it will acquire Long Ridge Energy & Power, a subsidiary of FTAI Infrastructure, for 1.5 billion dollars, of which approximately 785 million dollars will be used to take on debt. Long Ridge owns a 505 megawatt natural gas combined cycle power plant and over 1600 acres of industrial land in Hannibal, Ohio, USA, and MARA plans to build a data center campus powered by the plant there. This transaction is an important step for MARA to transform from a Bitcoin mining company to a digital infrastructure and energy company, and is expected to be completed later in 2026, pending approvals including from the Federal Energy Regulatory Commission (FERC). The existing power supply scale of Long Ridge will not change after MARA takes over.

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