MARA Holdings, Inc. Receives FERC Approval for Long Ridge Energy Acquisition

MARA Holdings received Federal Energy Regulatory Commission approval for its previously announced acquisition of Long Ridge Energy & Power from FTAI Infrastructure. The deal includes a 505-megawatt natural gas power plant, more than 1,600 acres of land and related infrastructure, and is expected to increase MARA’s owned generation capacity by over 300% after closing. MARA says the acquisition will add contracted cash flows and support future computing demand at the site; it does not expect the deal to reduce capacity supplied to the PJM grid.