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MARA Plans to Acquire Majority Stake in French Power Subsidiary Exaion for $168 Million

Summary: According to Jinshi News, the world's largest Bitcoin mining company, MARA Holdings Inc., is in advanced negotiations to acquire a majority stake in Exaion, a subsidiary of French power group EDF, for approximately $168 million. This move signals the mining giant's attempt to enter the field of artificial intelligence as an infrastructure provider. MARA plans ...

According to Jinshi News, the world's largest Bitcoin mining company, MARA Holdings Inc., is in advanced negotiations to acquire a majority stake in Exaion, a subsidiary of French power group EDF, for approximately $168 million. This move signals the mining giant's attempt to enter the field of artificial intelligence as an infrastructure provider. MARA plans to acquire 64% of Exaion's shares from EDF Pulse Ventures, a venture capital arm of EDF, through a cash transaction. After the transaction is completed, EDF will retain a minority stake.

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Link: MARA Plans to Acquire Majority Stake in French Power Subsidiary Exaion for $168 Million [Copy]

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