MARA Holdings Inc. (NASDAQ:MARA) is one of the best high volume stocks to invest in according to hedge funds. On April 30, MARA Holdings entered into a definitive agreement to acquire Long Ridge Energy & Power for approximately $1.5 billion, a move that increases its owned power capacity by 65%. The acquisition features a 505 MW combined-cycle gas power plant in Hannibal, Ohio, and over 1,600 acres of land with access to water, fiber, and fuel supply. This strategic transaction establishes a premier digital infrastructure campus with more than 1 GW of total potential capacity, positioned to support AI, high-performance computing, and Bitcoin mining.
The Hannibal site serves as a cornerstone for MARA’s expansion into the PJM market, offering all-in operating costs of less than $15/MWh. MARA plans to begin construction on an initial AI and critical IT buildout in early 2027, with the first phase targeted for service by mid-2028. The company has identified a pathway to expand the site’s capacity to 600 gross MW through grid expansions and additional on-site generation, leveraging the facility’s vertically integrated fuel supply and existing rail infrastructure.
Financially, the deal is expected to add ~$144 million in annualized adjusted EBITDA, providing stable cash flow to support MARA’s broader development goals. The transaction, which includes the assumption of at least $785 million in debt, is slated to close in H2 2026 pending regulatory approvals. Upon completion, MARA intends to retain the Long Ridge Energy team to provide a scalable platform for future digital infrastructure projects across global markets.
MARA Holdings Inc. (NASDAQ:MARA) is a digital asset tech company that mines cryptocurrencies with a focus on the Bitcoin ecosystem. The company also operates bitcoin mining facilities/data centers, offers advisory & consulting services, generates electricity from renewable energy sources to power bitcoin mining, and sells proprietary software or technology to third parties in the bitcoin ecosystem.
While we acknowledge the risk and potential of MARA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MARA and that has 10,000% upside potential, check out our report about this cheapest AI stock.
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