Bitcoin miner MARA is set to buy an Ohio natural gas plant operator in a $1.5 billion deal, according to The Block.
The report says MARA will acquire Long Ridge for $1.5 billion. The move comes as the company shifts away from bitcoin mining.
In The Block’s framing, MARA is not just buying an energy asset. The paper describes the transaction as a pivot toward “digital infrastructure.”
That matters because it changes what the market is supposed to underwrite. A mining-heavy model can react fast to crypto economics. An infrastructure-heavy model brings a different bundle of risks, including energy operations and deal execution.
The Block’s source text is brief, so it does not spell out how the acquisition will translate into specific infrastructure products, timelines, or expected revenue. Investors and stakeholders will likely want more detail on governance, asset scope, and how MARA connects this purchase to its operational plans.