MARA Holdings, the largest Bitcoin miner, has signed a $168 million agreement to acquire a 64% stake in Exaion, a subsidiary of Électricité de France.
Acquisition Agreement for Exaion
The deal was officially announced on Tuesday and includes an option to increase the stake to 75% by 2027 with an additional $127 million investment, contingent on performance milestones.
Partnership with Nvidia and Deloitte
Exaion develops high-performance computing data centers and provides AI and cloud infrastructure in partnership with companies like Nvidia and Deloitte. This agreement will position Exaion for larger-scale international deployment to serve enterprise and public-sector clients.
Impact on Bitcoin Market
MARA's expansion into AI comes amid a rise in Bitcoin mining difficulty, which increases energy consumption and pressures miner profitability. MARA is the largest Bitcoin miner by production and market capitalization, but has been slow to venture into AI in recent years.
The acquisition of a stake in Exaion marks a significant step for MARA Holdings, potentially enhancing its competitiveness in the market, especially amidst growing demands for efficient and eco-friendly solutions.
