Bitcoin mining firm MARA acquires Long Ridge, approved with added 505 megawatts of power capacity

Bitcoin mining firm MARA acquires Long Ridge, approved with added 505 megawatts of power capacity

2026-11-05 21:08

ChainThink report, on November 5, MARA Holdings announced that the U.S. Federal Energy Regulatory Commission (FERC) has approved its acquisition of Long Ridge Energy & Power, determining the transaction is in the public interest.

Upon completion, MARA will add a 505 MW combined-cycle natural gas power facility and over 1,600 acres of land. The transaction is expected to close within several weeks, increasing MARA’s self-owned power generation capacity by more than 300%.

The company stated that this acquisition supports its expansion into AI and high-performance computing infrastructure.

Disclaimer: Contains third-party opinions, does not constitute financial advice

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