---
title: "MARA Holdings surges 8% as FERC approves Long Ridge power deal"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/304684781.md"
description: "MARA Holdings rose 8.09% to $6.35 after FERC approved its $1.51 billion acquisition of Long Ridge gas power assets."
datetime: "2026-11-06T19:51:30.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/304684781.md)
  - [en](https://longbridge.com/en/news/304684781.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/304684781.md)
generator: "portal-rs"
---

# MARA Holdings surges 8% as FERC approves Long Ridge power deal

MARA Holdings (MARA.US) surged more than **8%** during regular trading to **$6.35**.

The Federal Energy Regulatory Commission approved the company's acquisition of Long Ridge Energy & Power's natural gas generation assets, determining the transaction serves the public interest.

The deal carries a valuation of approximately **$1.51 billion** and includes a **505-megawatt** nameplate power plant and over **1,600 acres** of land, generating about **$144 million** in annualized adjusted EBITDA. MARA will assume roughly **$900 million** in debt and plans to secure about **$600 million** in bitcoin-backed loans, with closing expected by the end of November 2026.

The company said its owned power generation capacity could increase by more than **300%** following completion, noting the assets may support future AI and high-performance computing infrastructure development.

Based on public media reports. AI-generated; not investment advice.

### Related Stocks

- [MARA.US](https://longbridge.com/en/quote/MARA.US.md)
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- [MRAL.US](https://longbridge.com/en/quote/MRAL.US.md)

## Related News & Research

- [MARA Holdings Buyback Boosts Shares: What Investors Need to Know](https://longbridge.com/en/news/305047479.md)
- [FERC Authorizes MARA’s Acquisition of Long Ridge Energy & Power, Finds Transaction Consistent with the Public Interest](https://longbridge.com/en/news/304459640.md)
- [MARA Rises Despite Q3 Miss as Analysts Focus on First HPC Lease](https://longbridge.com/en/news/305047214.md)
- [MARA Holdings Touts Exploding AI Demand, Targets 4 GW Power Portfolio With Bitcoin Mining as Its 'Foundation'](https://longbridge.com/en/news/304975462.md)
- [MARA Holdings Q3 2026 Earnings Call Transcript](https://longbridge.com/en/news/304922580.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**