Long Ridge Energy & Power Acquired by MARA Holdings | Energy M&A Deal

MARA Holdings has completed the acquisition of Long Ridge Energy & Power, a utility services business in Florida, for $144 million. MARA Holdings acquisitions add Long Ridge Energy & Power’s digital infrastructure campus capabilities, including power and land assets intended to support AI and critical IT loads. The utility services acquisition strengthens MARA’s energy M&A platform by expanding compute infrastructure access to generation, water, and fiber in key data center and power markets. This platform acquisition is a strategic acquisition by a strategic buyer, sized at over $100M, to accelerate AI infrastructure development and enable multiple monetization pathways such as HPC leases, flexible compute operations, and wholesale power generation.