Mara Holdings

MARA Holdings appointed Craig Hart and Nancy Novak as independent board members effective August 1, bringing the board to seven members, six of whom are independent. Barbara Humpton and Georges Antoun left the board on July 31. Hart brings experience as senior portfolio manager and global co‑head of energy and power at Avenue Capital Group; Novak was chief innovation officer at Compass Datacenters and has expertise in hyperscale data centers. CEO Fred Thiel said the new members are meant to support the company’s digital infrastructure and energy strategy; MARA’s activities include Bitcoin mining. » Más en de.investing.com

MARA Holdings has announced a definitive agreement to acquire Long Ridge Energy & Power LLC from FTAI Infrastructure for roughly $1.5 billion including debt. The deal includes a 505‑MW gas-and-steam combined‑cycle plant and more than 1,600 acres for a digital infrastructure campus with potential total capacity of over 1 GW. The acquisition would increase MARA’s own generation capacity by about 65% and is expected to add roughly $144 million of annualized adjusted EBITDA (based on H2 2025); closing is expected in H2 2026, subject to regulatory approvals. The stock rose about 1.7% after the announcement despite weak Bitcoin. » Más en de.investing.com

MARA sold 15,133 Bitcoin between March 4 and 25, raising roughly $1.1 billion. With the proceeds, the company repurchased convertible bonds with a face value of $1 billion for $913 million, a discount of nearly 9 percent and a saving of about $88 million. The buybacks cut convertible debt by around 30 percent to about $2.3 billion; 38,689 Bitcoin remain on the balance sheet. Investors rewarded the deleveraging move, and MARA plans increased investment in digital energy and AI infrastructure rather than pure crypto mining. » Más en deraktionaer.de