MARA Holdings, Inc. Form 8-K Filing

MARA Holdings, Inc. announced a definitive agreement to acquire Long Ridge Energy & Power LLC for approximately $1.5 billion. This acquisition includes a 485 MW power plant in Hannibal, Ohio, with an expected increase to 505 MW capacity. The deal, expected to close in the second half of 2026, aims to establish a premier digital infrastructure campus with over 1 GW of total potential capacity. The acquisition is expected to increase MARA’s owned and operated capacity by 65% and add approximately $144 million in annualized Adjusted EBITDA, with all-in operating costs under $15/MWh. MARA plans to leverage the acquired assets for AI and critical IT loads, alongside its existing data center operations. The transaction is subject to customary closing conditions, including regulatory approvals.