MARA’s $1.5B Gas Asset Acquisition Fuels 505 MW Capacity and AI Pivot
MARA•MARA Holdings closed a $1.5 billion purchase of Long Ridge Energy & Power, securing a 505 MW gas‐fired asset with over 1 GW expansion potential. The company sustained $0.04/kWh electricity costs at owned sites while posting a $40,047 all‐in Bitcoin production cost in Q1 2026.
1. Acquisition of Long Ridge Energy & Power
MARA executed a $1.5 billion deal to acquire Long Ridge Energy & Power, gaining a 505 MW gas‐fired power plant in West Virginia. The asset includes development rights to expand capacity beyond 1 GW, bolstering MARA’s power generation footprint.
2. Maintained Sector-Leading Energy Costs
Owned mining facilities continue to benefit from electricity rates of $0.04/kWh, a key advantage for Bitcoin mining competitiveness. In Q1 2026, MARA’s all‐in cost to produce each Bitcoin reached $40,047 as global hashrate increased.
3. Strategic Pivot Toward AI Infrastructure
The gas asset will underpin MARA’s entry into AI infrastructure, providing reliable, scalable power for high‐performance computing projects. This diversification aims to leverage existing power discipline while opening new revenue streams beyond digital asset mining.
