MARA Holdings to buy Long Ridge Energy & Power for $1.5 billion from FTAI Infrastructure

MARA Holdings

MARA

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FTAI Infrastructure Incorporation

FIP

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Of the $1.5 billion purchase price, $785 million is assumed debt

Transaction supports MARA's pivot to digital infrastructure and power

By David French

NEW YORK, April 30 (Reuters) - MARA Holdings MARA.O told Reuters on Thursday it has agreed to buy Long Ridge Energy & Power from FTAI Infrastructure FIP.O for $1.5 billion including debt.

With its roots in Bitcoin mining, MARA has been pivoting its business towards digital infrastructure and the energy generation to support it at a time of huge advancements in artificial intelligence.

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