Nasdaq-listed Bitcoin mining company MARA Holdings has initiated a consent solicitation process for the holders of Long Ridge Energy's $600 million senior secured notes, due in 2032, to amend the terms of the related indenture. According to Odaily, MARA had previously signed an agreement on April 29 to acquire 100% equity of Long Ridge's parent company. This acquisition would trigger a 'change of control' clause in the notes, theoretically requiring MARA to repurchase all outstanding notes at 101% of their value in cash. MARA is now seeking consent from noteholders to exclude this transaction from the 'change of control' definition and to designate MARA and its affiliates as 'permitted holders.'