Bitcoin Mining Firm MARA Holdings to Acquire Long Ridge Energy & Power for $1.5 Billion

Bitcoin mining company MARA Holdings plans to acquire Long Ridge Energy & Power, a natural gas plant operator, for $1.5 billion, including debt. According to Foresight News, this acquisition from FTAI Infrastructure marks a significant step in MARA's transformation into a digital infrastructure and energy company. The deal is expected to be finalized by late 2026, pending approval from regulatory bodies, including the Federal Energy Regulatory Commission (FERC). The company stated that the $1.5 billion transaction involves assuming approximately $785 million in existing debt. Long Ridge's power assets are projected to generate around $144 million in adjusted annual earnings.