MARA Holdings Inc. is reportedly in advanced discussions to acquire a majority stake in Exaion from Electricite de France SA. The deal, potentially valued at $168 million, would see MARA, a prominent Bitcoin miner, secure a 64% stake in Exaion, with an option to increase its ownership to 75% for an additional $127 million.
Exaion, a subsidiary of the EDF Group, specialises in high-performance digital services, including blockchain nodes, virtual work environments, and decentralised hosting of computing power. The acquisition aligns with MARA's strategic expansion into artificial intelligence infrastructure, leveraging Exaion's expertise in responsible digital solutions. EDF would retain a minority stake in Exaion following the transaction.
Subscribe for Weekly Updates
Stay ahead with our weekly AI and tech briefings, delivered every Tuesday.
