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Bitcoin mining company MARA will acquire Long Ridge Energy for $1.5 billion
Deep Tide TechFlow News, April 30th, according to Reuters, Bitcoin mining company 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), marking an important step for this Bitcoin miner’s efforts to transform into a digital infrastructure and energy company. The acquisition is expected to be completed later in 2026, subject to approval from regulatory agencies including the Federal Energy Regulatory Commission (FERC). The company stated that this $1.5 billion deal includes assuming approximately $785 million in existing debt, and Long Ridge’s power assets generate approximately $144 million in adjusted annual earnings.