MARA to Acquire Long Ridge Energy & Power for $1.5 Billion, Expanding Digital Infrastructure and AI Capacity

summarizeSummary

MARA Holdings, Inc. is acquiring Long Ridge Energy & Power for $1.5 billion, a strategic move to significantly expand its digital infrastructure, increase power capacity by 65%, and enter the high-performance computing and AI markets.

check_boxKey Events

• Major Acquisition Announced

  MARA Holdings, Inc. entered into an Equity Purchase Agreement to acquire 100% of Long Ridge Energy & Power LLC for approximately $1.5 billion.

• Strategic Expansion into AI and HPC

  The acquisition establishes a premier digital infrastructure campus with over 1 GW of total potential capacity, including 200 MW of existing MARA capacity, and line of sight to up to 600 gross MW for AI and critical IT loads.

• Significant Capacity and EBITDA Growth

  The transaction is expected to increase MARA's owned and operated power capacity by 65% and add approximately $144 million of annualized Adjusted EBITDA.

• Financing Secured

  The acquisition will be partially financed by a 364-day senior secured bridge term loan facility of up to $785 million from Barclays Bank PLC.

auto_awesomeAnalysis

This acquisition represents a significant strategic move for MARA Holdings, Inc., substantially expanding its digital infrastructure and positioning it for growth in high-performance computing and AI workloads. The $1.5 billion transaction will increase the company's owned and operated power capacity by 65% and is expected to add approximately $144 million in annualized Adjusted EBITDA. This move is critical for the company's long-term strategy, especially given its reported net loss in the last fiscal year, providing a stable, cash-generative platform. The financing includes a substantial bridge loan, indicating potential future capital raises.