Long Ridge Energy acquisition for $1.5B
Company: Marathon Digital
What the later record shows
Not a promise: a reported event · happened April 29, 2026
The claim reports an agreement already signed in April 2026. The press release is dated April 30, 2026 and describes a 505 MW nameplate plant at about $1.5 billion total transaction value.
“for a total transaction value of approximately $1.5 billion (including the assumption of certain debt)”
2026-09-08 · MARA Advances Its Optimized Digital Infrastructure Strategy with Agreement to Acquire Long Ridge Energy & Power - MARA H View cached copy (2026-09-10)Live source ↗Archive.org ↗
Checked October 10, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Marathon Digital agreed to acquire Long Ridge Energy, a 485 MW gas plant in Ohio, for approximately $1.5 billion
Source (primary)
MARA vs Bitcoin and Why the Miner Is Not Leveraged Bitcoin - Phemex (-, news_article)
View cached copy (2026-09-02)Live source ↗Archive.org ↗
Quote: “agreed to acquire Long Ridge Energy for roughly $1.5 billion on 29 April, a 485 MW gas plant in Ohio”
How we checked this
Checked on October 11, 2026. The cited source supports part of this claim, but not all of it.
The document confirms that MARA agreed to buy Long Ridge Energy, a 485 MW Ohio gas plant, for about $1.5 billion. It notes the deal had not closed as of 30 June 2026. It never uses the name Marathon Digital.
Confirmed in the source:
- MARA agreed to acquire Long Ridge Energy
- Long Ridge Energy is a 485 MW gas plant in Ohio
- The Long Ridge price is roughly $1.5 billion
We could not confirm this from the cited source:
- That the acquirer is Marathon Digital: the document names the company only as MARA / MARA Holdings and never uses or links the name Marathon Digital
That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.
What we did: Read our cached copy of the publisher (https://phemex.com/academy/mara-vs-bitcoin-miner-not-leveraged-bitcoin) in full (16,912 characters, retrieved September 2, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms MARA vs Bitcoin and Why the Miner Is Not Leveraged Bitcoin - Phemex
Quote: “agreed to acquire Long Ridge Energy for roughly $1.5 billion on 29 April, a 485 MW gas plant in Ohio”