Long Ridge Energy acquisition - 485 MW gas plant
Company: Marathon Digital
The claim, verbatim
Marathon Digital agreed to acquire Long Ridge Energy, a 485 MW gas plant in Ohio, for $1.5 billion, pending FERC approval
Source (primary)
MARA vs Bitcoin and Why the Miner Is Not Leveraged Bitcoin - Phemex (-, news_article)
View cached copy (2026-09-02)Live source ↗Archive.org ↗
Quote: “agreed to acquire Long Ridge Energy for roughly $1.5 billion on 29 April, a 485 MW gas plant in Ohio that had not closed as of 30 June 2026 and is awaiting FERC approval”
How we checked this
Checked on September 16, 2026. The cited source supports every part of this claim.
Every element of the claim — counterparty, price, plant size and location, and the pending FERC approval — appears in the document.
Confirmed in the source:
- MARA agreed to acquire Long Ridge Energy for roughly $1.5 billion
- Long Ridge Energy is a 485 MW gas plant in Ohio
- The deal is awaiting FERC approval and had not closed as of 30 June 2026
What we did: Read our cached copy of the publisher (https://phemex.com/academy/mara-vs-bitcoin-miner-not-leveraged-bitcoin) in full (16,912 characters, retrieved September 2, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms MARA vs Bitcoin and Why the Miner Is Not Leveraged Bitcoin - Phemex
Quote: “agreed to acquire Long Ridge Energy for roughly $1.5 billion on 29 April, a 485 MW gas plant in Ohio that had not closed as of 30 June 2026 and is awaiting FERC approval”