Crypto
Mara Holdings to buy Long Ridge Energy & Power for $1.5 billion
Mara Holdings, a major bitcoin mining company, plans to acquire Long Ridge Energy & Power from FTAI Infrastructure for $1.5 billion. The purchase price includes Mara assuming more than $785 million in existing debt, with the remainder paid in cash and supported by a Barclays bridge loan. Mara expects the acquisition to add about $144 million in annual adjusted EBITDA based on results for the second half of 2025.
