AcquisitionsJun 25, 2026, 04:47 PM
MARA Holdings Provides Investor Presentation for Long Ridge Acquisition
AI Summary
MARA Holdings, Inc. filed an investor presentation to provide additional information regarding its previously disclosed acquisition of Long Ridge Energy & Power LLC. The acquisition, valued at approximately $1.5 billion, will result in Long Ridge becoming an indirect wholly-owned subsidiary of MARA. The presentation included selected financial information for both MARA and Long Ridge for the first quarter of 2026, as well as MARA's year-to-date Bitcoin production data.
Key Highlights
- MARA USA Corporation, a subsidiary of MARA Holdings, will acquire 100% of Long Ridge Energy & Power LLC.
- The base purchase price for the acquisition is approximately $1.5 billion.
- Long Ridge will become an indirect wholly-owned subsidiary of MARA Holdings.
- MARA Holdings filed an investor presentation providing additional information on the transaction.
- MARA Holdings reported Q1 2026 total revenues of $62,006 thousand and Adjusted EBITDA of $25,373 thousand.
- Long Ridge reported Q1 2026 total revenues of $174,614 thousand and Adjusted EBITDA of ($1,037,727) thousand.
- As of May 31, 2026, MARA produced 3,805 Bitcoin with an energized hashrate of 70.7 EH/s.
Price Impact
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