TechFlow News, April 30: According to Reuters, Bitcoin mining company MARA Holdings (MARA.O) will acquire Long Ridge Energy & Power, a natural gas power plant operator, from FTAI Infrastructure (FIP.O) for $1.5 billion—including debt—in a pivotal step toward transforming itself into a digital infrastructure and energy company. The acquisition is expected to close in late 2026, subject to regulatory approvals, including from the Federal Energy Regulatory Commission (FERC). The company stated that the $1.5 billion transaction includes assuming approximately $785 million in existing debt, while Long Ridge’s power assets generate roughly $144 million in adjusted earnings annually.
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