Bitcoin miner MARA's acquisition of Long Ridge approved, adding 505 MW of power generation capacity

Odaily reports that Bitcoin mining company MARA Holdings announced that the U.S. Federal Energy Regulatory Commission (FERC) has approved its acquisition of Long Ridge Energy & Power, determining that the transaction is in the public interest. The acquisition will add a 505 MW combined-cycle natural gas power generation facility and over 1,600 acres of land, supporting its expansion into AI and high-performance computing infrastructure. The transaction is expected to close within a few weeks, which will increase MARA's self-owned power generation capacity by more than 300% and expand its financial base.