MARA’s French subsidiary, MARA France, has finalized the purchase of a 64 percent stake in Exaion, marking a significant step in advancing European digital infrastructure. The agreement, initially made in August last year, also involved NJJ Capital acquiring a 10 percent stake in MARA France, establishing a strategic partnership. EDF Group remains a minority shareholder and client of Exaion. According to market reports, MARA acquired the controlling stake in Exaion from its former parent company, EDF Pulse Ventures, for approximately $168 million in cash. The deal underwent review by the French government to safeguard national sovereignty. The Exaion board will include representatives from MARA, EDF Pulse Ventures, NJJ Capital, as well as Exaion’s CEO and co-founder. Notable billionaires Xavier Niel and MARA CEO Fred Thiel are also part of the board. This partnership aims to accelerate Exaion’s growth and enhance its cloud services and high-performance computing capabilities, positioning the France-based company as a leader in European digital infrastructure. EDF Group, serving around 41 million customers with energy and services, anticipates reaching total sales of €113.3 billion by 2025. Despite MARA experiencing a nearly 40 percent decline in its stock price last year, the company reported a record $123 million profit last quarter by integrating its Bitcoin business with new energy and artificial intelligence assets. MARA is scheduled to release its quarterly earnings report next week. This transaction represents a major milestone in the development of European digital infrastructure, expected to strengthen the involved companies both technically and financially.
Source: binance
