Bitcoin mining company MARA will acquire Long Ridge Energy for $1.5 billion

Golden Finance reports that on April 30, according to Reuters, Bitcoin miner 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), which is an important step for this Bitcoin miner to transform into a digital infrastructure and energy company. The acquisition is expected to be completed later in 2026, depending on approvals from regulatory bodies including the Federal Energy Regulatory Commission (FERC).
The company said that this $1.5 billion transaction includes assuming approximately $785 million of existing debt, and Long Ridge’s power assets can generate approximately $144 million in annual adjusted earnings.

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