Acquiring Company
Marathon Digital
Acquired Company
Long Ridge Energy & Power
OhioBlockchainCryptocurrencyEnergyOil And GasRenewable EnergyDescription
Marathon Digital has announced its acquisition of Long Ridge Energy & Power. This deal will significantly enhance Marathon's power capacity and support its move towards AI infrastructure. The acquisition is part of Marathon's broader strategy to diversify from Bitcoin mining to offer various computing services. The announcement caused a notable jump in MARA's stock price.
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M&A Insights
Based on deal dataFrequently asked
Who acquired Long Ridge Energy & Power?
Long Ridge Energy & Power was acquired by Marathon Digital. The deal was reported on August 21, 2026. Marathon Digital is a major corporate Bitcoin holder, focusing on building a substantial Bitcoin reserve and actively acquiring BTC to strengthen its position in the market. Marathon Digital is privately held and operates in Blockchain.
When did Marathon Digital acquire Long Ridge Energy & Power?
Marathon Digital's acquisition of Long Ridge Energy & Power was reported on August 21, 2026. Marathon Digital has announced its acquisition of Long Ridge Energy & Power. This deal will significantly enhance Marathon's power capacity and support its move towards AI infrastructure. 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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