Long Ridge Energy & Power LLC acquisition
Company: Marathon Digital
The claim, verbatim
Marathon Digital will acquire 100% of Long Ridge Energy & Power LLC for approximately $1.5 billion
Source (primary)
Marathon Digital 8-K filed 2026-04-30 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “Buyer will acquire 100% of the issued and outstanding limited liability company membership interests in Long Ridge Energy & Power LLC, from the Sellers for a base purchase price of approximately $1.5 billion”
How we checked this
Checked on October 10, 2026. The cited source supports part of this claim, but not all of it.
The filing confirms the 100% acquisition of Long Ridge for a base price of about $1.5 billion. It identifies the buyer as MARA Holdings, Inc. through its subsidiary MARA USA Corporation, not as 'Marathon Digital', and it does not connect the two names.
Confirmed in the source:
- MARA Holdings, Inc., through its subsidiary MARA USA Corporation, agreed on April 29, 2026 to acquire 100% of the membership interests in Long Ridge Energy & Power LLC
- The base purchase price is approximately $1.5 billion, subject to customary purchase price adjustments
We could not confirm this from the cited source:
- That the acquirer is 'Marathon Digital': this filing names the buyer as MARA USA Corporation, a subsidiary of MARA Holdings, Inc., and does not mention 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 SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1507605/000119312526193982/d54802d8k.htm) in full (14,408 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Marathon Digital 8-K filed 2026-04-30
Quote: “Buyer will acquire 100% of the issued and outstanding limited liability company membership interests in Long Ridge Energy & Power LLC, from the Sellers for a base purchase price of approximately $1.5 billion”
confirms MARA to Accelerate its Digital Infrastructure Strategy with Acquisition of Long Ridge Energy & Power (“Long Ridge”) Presentation
Quote: “$1.5B Total Transaction Value”
confirms marathon-digital 8-K exhibit (d54802dex991.htm)
Quote: “entered into a definitive agreement to acquire Long Ridge Energy & Power LLC ("Long Ridge Energy") from FTAI Infrastructure Inc. (NASDAQ: FIP) ("FTAI Infrastructure") for a total transaction value of approximately $1.5 billion (including the assumption of certain debt)”