MARA Completes Acquisition of Exaion Stake to Boost European Digital Infrastructure

MARA announced on Friday that its French subsidiary, MARA France, has finalized the acquisition of a 64% stake in Exaion. According to ChainCatcher, the agreement was initially reached in August of last year. As part of the transaction, NJJ Capital has formed a strategic partnership with MARA, acquiring a 10% stake in MARA France. EDF Group remains a minority shareholder and client of Exaion. Market reports indicate that MARA purchased the controlling stake in Exaion for $168 million in cash from its former parent company, EDF Pulse Ventures. The French government reviewed the transaction due to concerns over national sovereignty. The Exaion board will consist of representatives appointed by MARA, EDF Pulse Ventures, NJJ Capital, and Exaion's CEO and co-founder. Billionaire Xavier Niel and MARA CEO Fred Thiel will join the Exaion board. The collaboration aims to accelerate Exaion's expansion and enhance its capabilities in secure cloud services and high-performance computing, positioning the France-based company as a leader in European digital infrastructure. EDF Group provides energy and services to approximately 41 million customers, with projected consolidated sales of €113.3 billion in 2025. MARA, listed on Nasdaq, saw its stock price decline by about 40% last year and is expected to release its quarterly earnings next week. In the previous quarter, the company achieved a record profit of $123 million by combining its Bitcoin operations with new power and AI assets.