Bitcoin Miner MARA to Acquire Long Ridge, Adding 505 MW of Power Capacity

MARA Holdings said on November 5 that the U.S. Federal Energy Regulatory Commission (FERC) has approved its acquisition of Long Ridge Energy & Power, ruling the deal is in the public interest. The purchase adds a 505-megawatt combined-cycle natural gas plant and more than 1,600 acres of land. The deal is expected to close within weeks, lifting MARA's self-generated power capacity by more than 300%. MARA said the acquisition will support its expansion into AI and high-performance computing infrastructure, ChainThink reported.

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