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MARA Holdings Inc (NASDAQ:MARA) shares climbed on Thursday morning. This rally follows the company’s announcement of a landmark acquisition.
MARA entered a definitive agreement to acquire Long Ridge Energy & Power LLC from FTAI Infrastructure Inc (NASDAQ:FIP).
Landmark $1.5 Billion Infrastructure Acquisition
The deal carries a total transaction value of approximately $1.5 billion. This includes the assumption of at least $785 million in debt. Barclays is backstopping the transaction with a bridge loan.
The acquisition includes a 505-megawatt combined-cycle gas power plant in Hannibal, Ohio.
It also includes 1,600 contiguous acres for a digital infrastructure campus.
MARA expects to close the deal in the second half of …
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