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“MARA Expands Into AI Infrastructure With $1.5B Energy Acquisition” 🚨🚨🚨

MARA Holdings is making a major strategic shift beyond crypto mining, surging after announcing a $1.5 billion acquisition of Long Ridge Energy from FTAI Infrastructure. The deal includes at least $785 million in assumed debt and sent MARA shares up nearly 10% on the news.

The acquisition is designed to position MARA directly within the booming AI infrastructure market. The assets include a 505-megawatt combined-cycle gas plant in Hannibal, Ohio, along with more than 1,600 acres of surrounding land—enough to support the development of a large-scale AI and data center campus. Combined, the project could add more than 1 gigawatt of potential power capacity.

FTAI Infrastructure also saw a strong move higher following the announcement, as markets reacted to the scale of the transaction and asset value being transferred.

According to MARA, the Hannibal site has already attracted interest from multiple potential investment-grade AI and critical IT tenants, with construction expected to begin in early next year. The company sees the location as a long-term hub for high-density compute workloads.

CEO Fred Thiel emphasized the importance of energy in the AI era, noting that power has become the most constrained input in artificial intelligence expansion. By securing large-scale, grid-connected energy infrastructure, MARA is positioning itself to compete in the race to supply compute capacity for AI.

This move reflects a broader trend of bitcoin miners pivoting toward AI data infrastructure, leveraging their access to energy, land, and cooling resources to meet surging demand from hyperscalers and AI companies.