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MARA Holdings to acquire Long Ridge Energy & Power

PUBLIC · MARASep 10, 2026•about 3 hours ago

Acquiring Company

MARA Holdings

Acquired Company

Long Ridge Energy & Power

AssamOhioEnergyOil And GasRenewable Energy

Description

MARA Holdings, Inc. has entered into an agreement to acquire Long Ridge Energy & Power LLC for approximately $1.5 billion. This acquisition enhances MARA's operational capacity to around 2.2 gigawatts, including a 505 MW combined-cycle gas power plant. The transaction provides strategic advantages in power generation and digital infrastructure development. Construction for AI-focused facilities is expected to begin in 2027, aligning with market demands.

Company Information

Company

MARA Holdings

Location

Assam, India

About

MARA Holdings, formerly Marathon Digital, is a company that focuses on sustainable Bitcoin mining operations and has announced plans to acquire a wind farm in Hansford County, Texas, to power its mining data center, with the goal of creating a vertically integrated operation with zero-marginal energy costs. MARA aims to integrate renewable energy into its mining operations and reduce reliance on traditional energy sources, as well as work towards broader sustainability goals by developing a global network of renewable energy-powered data centers.

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Strategic

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

Frequently asked

Who acquired Long Ridge Energy & Power?

Long Ridge Energy & Power was acquired by MARA Holdings, based in Assam. The deal was reported on September 10, 2026. MARA Holdings is publicly traded (MARA).

When did MARA Holdings acquire Long Ridge Energy & Power?

MARA Holdings's acquisition of Long Ridge Energy & Power was reported on September 10, 2026. MARA Holdings, Inc. has entered into an agreement to acquire Long Ridge Energy & Power LLC for approximately $1.5 billion. This acquisition enhances MARA's operational capacity to around 2.2 gigawatts, including a 505 MW combined-cycle gas power plant. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Long Ridge Energy & Power do?

Long Ridge Energy & Power operates a 505 MW combined-cycle gas power plant. It is positioned within an integrated digital infrastructure campus and has extensive gas production assets across Ohio and West Virginia. It is privately held, operating in Energy, and is based in Ohio.

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