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

According to Foresight News, citing a Reuters report, Bitcoin mining firm MARA Holdings (MARA.O) will acquire natural gas plant operator Long Ridge Energy & Power from FTAI Infrastructure (FIP.O) for $1.5 billion (including debt). This marks a significant step in the miner's efforts to transform into a digital infrastructure and energy company. The acquisition is expected to be completed in late 2026, subject to regulatory approvals, including from the Federal Energy Regulatory Commission (FERC). The company stated that the $1.5 billion deal includes assuming approximately $785 million in existing debt, while Long Ridge's power assets are capable of generating approximately $144 million in adjusted annual earnings.