MARA Holdings has announced its acquisition of Long Ridge Energy & Power from FTAI Infrastructure for approximately $1.5 billion, including assumed debt. This strategic move provides MARA with a 505 MW combined-cycle gas power plant in Hannibal, Ohio, and over 1,600 acres of land ready for large-scale computing facilities. The acquisition is expected to increase MARA's owned-and-operated capacity by 65%, reaching approximately 2.2 GW. The acquisition is projected to contribute an annualized adjusted EBITDA of about $144 million, with operational costs below $15 per megawatt-hour. This positions MARA competitively in the AI infrastructure market, as it now owns its power source, unlike competitors who purchase electricity. Construction for AI and IT infrastructure at Long Ridge is set to begin in 2027, with initial capacity expected by mid-2028.