Bitcoin miners refocus on AI power player with MARA Holdings longridge trading

• MARA Holdings (NasdaqCM:MARA) has agreed to acquire Long Ridge Energy & Power LLC for approximately $1.5 billion.
• The deal includes a 505 MW gas plant and 1,600 acres of land in Ohio, increasing MARA’s owned and operated power capacity by approximately 65%.
• The acquisition is expected to close in late 2026, with initial AI and high-performance computing capability development targeted for mid-2028.

MARA Holdings, best known for its Bitcoin mining business, is moving deeper into power and digital infrastructure with this acquisition of Long Ridge. By adding a large gas plant and fertile land, the company is moving its business closer to an energy supply that supports intensive computing activities. For investors, the deal reconfigures NasdaqCM:MARA not only as a crypto-exposed name, but also as an owner and operator of sizable power assets.

The company plans to use Long Ridge as the foundation for its flagship AI and high-performance computing campus, with initial capacity expected to be operational by mid-2028. It outlines a multi-year build-out that will connect MARA’s energy footprint to the demand for computing resources from AI and other data-intensive applications.

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MARA Holdings has 1 risk reported. Find out which ones may affect your investment.

quick evaluation

• ✅ Price and analyst targets:MARA is trading at $11.46, approximately 32% below the analyst consensus target of $16.84.
• ⚖️ Simply Wall Street Ratings: The valuation status is currently unknown, so this transaction must be weighed without a clear fair value anchor.
• ✅ Recent momentum: The 30-day return of 42.54% indicates strong short-term interest in this story.

There’s only one way to know when is the right time to buy, sell, or hold MARA Holdings. For the latest fair value analysis of MARA Holdings, check out Simply Wall St’s company report.

Key considerations

• 📊 With the USD 1.5 billion Longridge deal, MARA moves further into energy and AI infrastructure, so your thesis may focus more on power and data center economics than pure Bitcoin exposure.
• 📊 It may be helpful to monitor project timelines to mid-2028, acquisition financing structures, and how companies are balancing current losses with long-term AI capability plans.
• ⚠️ Large capital commitments may make it even more important to monitor sentiment and cost of funds fluctuations, as one warning risk is stock price fluctuations.

dig deeper

For a complete picture, including additional risks and potential rewards, check out our complete analysis for MARA Holdings. You can also visit MARA Holdings’ community page to see how other investors think this latest news will impact the company’s story.

This article by Simply Wall St is general in nature. We provide commentary using only unbiased methodologies, based on historical data and analyst forecasts, and articles are not intended to be financial advice. This is not a recommendation to buy or sell any stock, and does not take into account your objectives or financial situation. We aim to provide long-term, focused analysis based on fundamental data. Note that our analysis may not factor in the latest announcements or qualitative material from price-sensitive companies. Simply Wall St has no position in any stocks mentioned.

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