BBX Logo Beta

MARA to acquire Long Ridge for $1.5 billion

--

According to Reuters, Bitcoin mining company MARA Holdings will acquire Long Ridge Energy&Power from FTAI Infrastructure for $1.5 billion, including assuming approximately $785 million in debt. Long Ridge's power assets can generate approximately $144 million in adjusted earnings annually, and the transaction is expected to be completed in 2026 and requires regulatory approval.

Loading...