{"id":1017633,"date":"2026-11-05T11:01:56","date_gmt":"2026-11-05T16:01:56","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ferc-authorizes-maras-acquisition-of-long-ridge-energy-power-finds-transaction-consistent-with-the-public-interest\/"},"modified":"2026-11-05T11:01:56","modified_gmt":"2026-11-05T16:01:56","slug":"ferc-authorizes-maras-acquisition-of-long-ridge-energy-power-finds-transaction-consistent-with-the-public-interest","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ferc-authorizes-maras-acquisition-of-long-ridge-energy-power-finds-transaction-consistent-with-the-public-interest\/","title":{"rendered":"FERC Authorizes MARA\u2019s Acquisition of Long Ridge Energy &amp; Power, Finds Transaction Consistent with the Public Interest"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"center\">\n        <i>Transaction will add a 505 MW nameplate power plant and more than 1,600 contiguous acres supporting a premier digital infrastructure campus<\/i>\n      <\/p>\n<p align=\"justify\">\n        <strong>MIAMI, FL, Nov.  05, 2026  (GLOBE NEWSWIRE) &#8212; <\/strong>MARA Holdings, Inc. (NASDAQ: MARA) (\u201cMARA\u201d), a global, energy-backed digital infrastructure enterprise, today announced that the Federal Energy Regulatory Commission (\u201cFERC\u201d) has approved MARA\u2019s previously announced acquisition of Long Ridge Energy &amp; Power LLC (\u201cLong Ridge Energy\u201d) from FTAI Infrastructure Inc.<\/p>\n<p align=\"justify\">In its order, FERC determined that the transaction is consistent with the public interest. The authorization satisfies a key regulatory condition for closing the transaction, which is expected to occur in the coming weeks.<\/p>\n<p align=\"justify\">\u201cFERC authorization represents an important milestone toward completing our acquisition of Long Ridge Energy,\u201d said Fred Thiel, MARA\u2019s chairman and CEO. \u201cFERC\u2019s finding that the transaction is consistent with the public interest aligns with our commitment to continue serving the PJM grid while responsibly developing the site\u2019s significant potential. We look forward to completing the transaction and beginning the next phase of Long Ridge\u2019s development as part of our strategy to expand into AI and high-performance computing infrastructure.\u201d<\/p>\n<p align=\"justify\">As previously announced, the acquisition will add a highly efficient 505-megawatt<sup>1<\/sup> combined-cycle natural gas power generation facility and more than 1,600 contiguous acres with access to power, land, water, fiber and rail infrastructure. Upon closing, the transaction is expected to increase MARA\u2019s owned power generation capacity by over 300% and immediately strengthen MARA\u2019s financial profile through contracted cash flows from power generation.<\/p>\n<p align=\"justify\">Together, Long Ridge Energy and MARA\u2019s existing operations at the site represent more than 1 GW of total potential capacity, providing a platform for future digital infrastructure opportunities. MARA does not expect to reduce Long Ridge Energy\u2019s current supply of capacity to the PJM grid or adversely impact consumers. Future compute demand created at the site, including potential future behind-the-meter compute, is expected to be supported by incremental generation developed over time.<\/p>\n<p align=\"justify\">\u00b9 Long Ridge Energy is currently authorized to sell 485 MW, which is expected to increase to the full 505 MW nameplate capacity in the first half of 2027.<\/p>\n<p>\n        <b>About MARA<\/b>\n      <\/p>\n<p align=\"justify\">MARA Holdings, Inc. (NASDAQ: MARA) is a global, energy-backed digital infrastructure enterprise. We acquire, develop, and operate scarce powered assets at scale, with 1.9 GW of energized capacity today across nearly 20 sites on 4 continents, and a clear path to approximately 4.8 GW. Our vertically integrated model spans power, land, and compute, designed to deliver the speed, certainty, and reliability that AI, HPC, cloud, and enterprise customers need. Backed by almost a decade of operating power-intensive compute at industrial scale, Bitcoin mining is our operating foundation, providing a source of flexibility and keeping sites operating and generating revenue while we develop higher-value infrastructure paths.<\/p>\n<p>\n        <b>Forward-Looking Statements<\/b>\n      <\/p>\n<p align=\"justify\">This press release contains forward-looking statements within the meaning of the federal securities laws. All statements, other than statements of historical fact, included in this press release are forward-looking statements. The words \u201cmay,\u201d \u201cwill,\u201d \u201ccould,\u201d \u201canticipate,\u201d \u201cexpect,\u201d \u201cintend,\u201d \u201cbelieve,\u201d \u201ccontinue,\u201d \u201ctarget\u201d and similar expressions or variations or negatives of these words are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Such forward-looking statements include, among other things, statements related to the expected timing of the closing of the transaction and the parties\u2019 ability to consummate the transaction on the proposed terms or on the anticipated timeline, or at all, including risks and uncertainties related to MARA\u2019s ability to finance the transaction on acceptable terms, or at all; the anticipated benefits of the proposed transaction to MARA, including the expected expansion of MARA\u2019s owned and operated power capacity, the expected earnings and contracted cash flows from Long Ridge Energy\u2019s power generation facility and the expected impact of the transaction on MARA\u2019s financial profile; MARA\u2019s planned development of the Long Ridge site, including the next phase of its development, the total potential capacity of the site and its potential to support AI infrastructure, high-performance computing and Bitcoin mining opportunities; MARA\u2019s plans and ability to develop incremental generation over time to support future compute demand at the site; MARA\u2019s ability to advance and execute its digital energy infrastructure strategy, including its expansion into AI and high-performance computing infrastructure; and MARA\u2019s expected path to approximately 4.8 GW of capacity. Such forward-looking statements are based on management\u2019s current expectations about future events as of the date hereof and involve many risks and uncertainties that could cause MARA\u2019s actual results to differ materially from those expressed or implied in these forward-looking statements. Subsequent events and developments, including actual results or changes in MARA\u2019s assumptions, may cause MARA\u2019s views to change. Readers are cautioned not to place undue reliance on such forward-looking statements. All forward-looking statements included herein are expressly qualified in their entirety by these cautionary statements. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including uncertainties related to market conditions, the risk that the transaction disrupts MARA\u2019s current plans and operations or diverts management\u2019s attention from its ongoing business, the effect of the announcement of the transaction on the ability of MARA to retain and hire key personnel and maintain relationships with others with whom it does business, the effect of the announcement of the transaction on MARA\u2019s operating results and business generally and the other factors discussed in the \u201cRisk Factors\u201d section of MARA\u2019s most recent Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (the \u201cSEC\u201d) and the risks described in other filings that MARA may make from time to time with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof, and MARA specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise, except to the extent required by applicable law.<\/p>\n<p>\n        <b>MARA Company Contact<\/b>:<br \/>Telephone: 800-804-1690<br \/>Email:\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=X9aagGMbqDIrqlAzCuVOotEuOjVgllpea8QOGRs8eY8xlK0vMo-RnIM9oyio6dsPoJqVe614RBdkeY-KwDg7R8c1QIpjNPLkv6vVzQIjkwG6prEexW5Bl2YOhZhw2eNK8D2VYd_E7uApGbajKg32w_XbYJ-pJLlWggXjGO1kQpPjrUd97MV1DedY_NVRsT8HhhBugoku5smjhqjCY64LY9ItTn1F8bYV8gAsEiSI3D1VRGrhYjsrbqrquIWmp8pl-WxHJ3vGGylOyhRUazntjuF1XOdQTxH8__-DJEAqpR5lY1_UktnTOXiLNVAqSIxICBEHPgKsBVAg7Atu20sO0Qe3vKi7A9RV_u8VBgAJU3mY7S_fGApBXBZxBRZV06R4aZ6K_6XieOVmw6dtKxY0Xvn_2HFXGvf6_P8YATy-eQkVgSjaTW8C8VptBcCMPVz7KccHdO3XiBsZkjbjpXMcKoB310xHDd00Io4-WNQUFGqH-jL5nrrRmbo4rMEyJJdkLk_7xXLh77anfPuhAaSd2ABstVUzFo3A4JIhh2vmpNo=\" rel=\"nofollow\" target=\"_blank\">ir@mara.com<\/a><\/p>\n<p>\n        <b>MARA Media Contact:<\/b><br \/>\n        <br \/>Email:\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Cbb_L_OzUjM2fxtDESJaqSve3oItPrVTWvu_OAPAtqFAdEK1FoMT863sN6wzKeLF_QHFUDv57pEYnofIK1i4EvmkYERbkfmSQSKh_-jlNxyRC34WDGNUwfW3tyEurRE16mVVd-_vNHFwKBxtbT159z-tvFJ2iGYQ25ZbajATmQp3pZEe75I8stLK5EI79zpsiub2lJfgAwjMQxRtnTzabDtmzrQjTBJKLK1HZKfM_7h4GYsc0Gdfu3JnKwP0Dbr4D33SCLa_JPRBZG8ksSGhMIhhhOwV_sa3ro8Wz1iC9QFKOlw8ey9xQJYDpQjUTlxKmhZE7oe6K5ZIju1LAspnZk2hPGuMe5oz_Vim5EcNAMUAJ12SBsIs-rQHKicW4L7DDN7YFhnpef82fCvUiw93xPxeWcE5Gw2M0GPLC_TAJm2tALOHVipbhx5RSqLL48GvLiJgk3oPHHPGSM8X5GXQ9o-2Q88ddJ5ET8mPp_c63tFYYjH-f8I0PcvMThMkoo2valCuRx9GeMIasYEGi7Ed6Q2tGOrogWXRPvTObbxR14jeXQCtNvUrpn8MyarNiDHo4GonP4px6f9oO0En1St86w==\" rel=\"nofollow\" target=\"_blank\">mara-jf@joelefrank.com<\/a><\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTg3MTE2OSM3OTQ4MjI2IzUwMDExNTk4MQ==\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/ZjVkODZlNWYtMzM5OS00MWYzLWI5Y2MtNzMxZTA0NzI0ODQ2LTUwMDExNTk4MS0yMDI2LTExLTA1LWVu\/tiny\/MARA-Holdings-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Transaction will add a 505 MW nameplate power plant and more than 1,600 contiguous acres supporting a premier digital infrastructure campus MIAMI, FL, Nov. 05, 2026 (GLOBE NEWSWIRE) &#8212; MARA Holdings, Inc. (NASDAQ: MARA) (\u201cMARA\u201d), a global, energy-backed digital infrastructure enterprise, today announced that the Federal Energy Regulatory Commission (\u201cFERC\u201d) has approved MARA\u2019s previously announced acquisition of Long Ridge Energy &amp; Power LLC (\u201cLong Ridge Energy\u201d) from FTAI Infrastructure Inc. In its order, FERC determined that the transaction is consistent with the public interest. The authorization satisfies a key regulatory condition for closing the transaction, which is expected to occur in the coming weeks. \u201cFERC authorization represents an important milestone toward completing our acquisition of Long Ridge Energy,\u201d said Fred &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ferc-authorizes-maras-acquisition-of-long-ridge-energy-power-finds-transaction-consistent-with-the-public-interest\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;FERC Authorizes MARA\u2019s Acquisition of Long Ridge Energy &amp; Power, Finds Transaction Consistent with the Public Interest&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1017633","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FERC Authorizes MARA\u2019s Acquisition of Long Ridge Energy &amp; Power, Finds Transaction Consistent with the Public Interest - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ferc-authorizes-maras-acquisition-of-long-ridge-energy-power-finds-transaction-consistent-with-the-public-interest\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FERC Authorizes MARA\u2019s Acquisition of Long Ridge Energy &amp; Power, Finds Transaction Consistent with the Public Interest - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Transaction will add a 505 MW nameplate power plant and more than 1,600 contiguous acres supporting a premier digital infrastructure campus MIAMI, FL, Nov. 05, 2026 (GLOBE NEWSWIRE) &#8212; MARA Holdings, Inc. (NASDAQ: MARA) (\u201cMARA\u201d), a global, energy-backed digital infrastructure enterprise, today announced that the Federal Energy Regulatory Commission (\u201cFERC\u201d) has approved MARA\u2019s previously announced acquisition of Long Ridge Energy &amp; Power LLC (\u201cLong Ridge Energy\u201d) from FTAI Infrastructure Inc. In its order, FERC determined that the transaction is consistent with the public interest. The authorization satisfies a key regulatory condition for closing the transaction, which is expected to occur in the coming weeks. \u201cFERC authorization represents an important milestone toward completing our acquisition of Long Ridge Energy,\u201d said Fred &hellip; Continue reading &quot;FERC Authorizes MARA\u2019s Acquisition of Long Ridge Energy &amp; Power, Finds Transaction Consistent with the Public Interest&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/ferc-authorizes-maras-acquisition-of-long-ridge-energy-power-finds-transaction-consistent-with-the-public-interest\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-11-05T16:01:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTg3MTE2OSM3OTQ4MjI2IzUwMDExNTk4MQ==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ferc-authorizes-maras-acquisition-of-long-ridge-energy-power-finds-transaction-consistent-with-the-public-interest\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ferc-authorizes-maras-acquisition-of-long-ridge-energy-power-finds-transaction-consistent-with-the-public-interest\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"FERC Authorizes MARA\u2019s Acquisition of Long Ridge Energy &amp; 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(NASDAQ: MARA) (\u201cMARA\u201d), a global, energy-backed digital infrastructure enterprise, today announced that the Federal Energy Regulatory Commission (\u201cFERC\u201d) has approved MARA\u2019s previously announced acquisition of Long Ridge Energy &amp; Power LLC (\u201cLong Ridge Energy\u201d) from FTAI Infrastructure Inc. In its order, FERC determined that the transaction is consistent with the public interest. The authorization satisfies a key regulatory condition for closing the transaction, which is expected to occur in the coming weeks. \u201cFERC authorization represents an important milestone toward completing our acquisition of Long Ridge Energy,\u201d said Fred &hellip; Continue reading \"FERC Authorizes MARA\u2019s Acquisition of Long Ridge Energy &amp; Power, Finds Transaction Consistent with the Public Interest\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/ferc-authorizes-maras-acquisition-of-long-ridge-energy-power-finds-transaction-consistent-with-the-public-interest\/","og_site_name":"Market Newsdesk","article_published_time":"2026-11-05T16:01:56+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTg3MTE2OSM3OTQ4MjI2IzUwMDExNTk4MQ==","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ferc-authorizes-maras-acquisition-of-long-ridge-energy-power-finds-transaction-consistent-with-the-public-interest\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ferc-authorizes-maras-acquisition-of-long-ridge-energy-power-finds-transaction-consistent-with-the-public-interest\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"FERC Authorizes MARA\u2019s Acquisition of Long Ridge Energy &amp; 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