Marathon Digital Acquires Long Ridge Energy for $1.5 Billion to Expand AI/HPC Power Platform
Marathon Digital Holdings (NASDAQ:MARA) has agreed to acquire Long Ridge Energy & Power for $1.5 billion, including $700 million in assumed debt. The acquisition expands Marathon's power capacity by 65%, targeting AI and high-performance computing (HPC) markets. The deal is expected to be immediately cash-flow positive and includes plans for a 200 MW AI/HPC build-out starting in H1 2027.
Topics: acquisition AI/HPC energy Long Ridge Energy Marathon Digital