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

Bitcoin mining company MARA Holdings will acquire natural gas plant operator Long Ridge Energy & Power from FTAI Infrastructure for $1.5 billion, marking an important step for the bitcoin miner in its efforts to transform into a digital infrastructure and energy company.

The acquisition is expected to be completed later in 2026, pending approval from regulators including the Federal Energy Regulatory Commission. The company stated that the $1.5 billion deal includes assuming approximately $785 million in existing debt, while Long Ridge's power assets can generate approximately $144 million in adjusted earnings annually.