• MARA Holdings (NasdaqCM:MARA) secured Federal Energy Regulatory Commission approval to acquire the Long Ridge gas power plant.
• The Long Ridge acquisition clearance supports MARA Holdings' plan to pivot toward energy backed digital infrastructure and AI focused data centers.
• MARA Holdings moved a sizeable portion of its Bitcoin holdings to institutional platforms, including Galaxy Digital and Copper, to support this shift.
• The FERC sign off on Long Ridge and the Bitcoin transfers sit within a broader repositioning that recent research has mapped out. Check out 2 warning signs that MARA Holdings investors should know about.

For readers tracking how AI infrastructure is reshaping energy and data center plays, a wider peer group is worth a closer look through 53 AI infrastructure stocks.

MARA Holdings is positioned as a US based software and digital infrastructure group that runs energy and computing assets across North America, the Middle East, Europe and Latin America. As a result, control over a gas plant and professionally managed Bitcoin reserves directly affects how it can power and secure those operations.

Does the team leading MARA Holdings have what it takes? See our full breakdown of the management team's track record and compensation.

How does owning the Long Ridge gas plant fit MARA Holdings' AI and data center push?

The 0.5 GW Long Ridge plant gives MARA Holdings direct control over power for its planned AI and high performance computing campuses, rather than relying on third party utilities. That aligns with the 4.8 GW powered land narrative and provides a concrete anchor project next to Matagorda County and Exaion.

Does this change the MARA Holdings Narrative investors have been using?

The FERC approval and Bitcoin backed funding plan directly tie into the existing Narrative that MARA Holdings will use power assets plus crypto financing levers to build AI ready infrastructure. They also sit against the highlighted risk that the business is still loss making with uncontracted capacity and no AI leases signed as of Q2 2026.

See how these catalysts shape MARA Holdings' path to a $18.61 fair value.

What should investors watch next for this news to really matter for MARA Holdings?

The immediate markers are deal funding and commercialization progress. That means tracking how the US$900 million debt and US$600 million Bitcoin backed loan are structured, then watching for the first concrete AI or high performance computing lease commitments tied to Long Ridge ahead of the planned 200 MW build from 2027.

Add MARA Holdings to your Watchlist and get alerts as these catalysts play out.

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Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.