Why Marathon's $1.5B Long Ridge Deal Recasts MARA as a Power-Backed Infra Play
MARA's agreement to buy Long Ridge Energy & Power for approximately $1.5 billion (including $785 million of assumed debt) could pivot the company from a volatile, price-of-bitcoin-sensitive miner to an owner/operator of power and digital infrastructure. The deal adds a 505 MW combined-cycle gas plant, >1 GW campus potential and roughly $144 million…