Bitcoin mining company MARA acquires Long Ridge, adding 505 MW of power capacity.

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Bitcoin breaking news: On November 5, 2026, MARA Holdings announced that the U.S. Federal Energy Regulatory Commission approved its acquisition of Long Ridge Energy & Power. The transaction includes a 505-megawatt natural gas facility and over 1,600 acres of land. MARA stated the move supports its expansion into AI and high-performance computing. Bitcoin news outlets such as Chainthink reported the development.

ChainThink reports that 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 that the transaction serves the public interest.

Upon completion of the acquisition, MARA will add a 505-megawatt combined-cycle natural gas power facility and over 1,600 acres of land. The transaction is expected to close within weeks, at which point MARA’s self-generated power capacity will increase by more than 300%.

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

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