MARA Holdings, a leader in Bitcoin mining, has announced its intention to acquire a 64% stake in the French company Exaion, which specializes in artificial intelligence and high-performance computing. This $168 million deal marks MARA's largest investment outside of Bitcoin mining.
About the Acquisition
The announcement of the acquisition was made on August 12, 2025. Exaion is a subsidiary of EDF, one of the largest producers of low-carbon energy in the world.
MARA and Exaion's Strategy
MARA's CEO Fred Thiel highlighted the company's decision to partner with Exaion as a way to quickly enter the AI and cloud solutions market. "MARA and Exaion's combined expertise would enable us to deliver secure and scalable cloud solutions built for the future of AI," he stated.
Market Impact and Company's Future
The deal will allow MARA to increase its stake to 75% by 2027 contingent on meeting performance targets. The acquisition is expected to close in the fourth quarter of 2025 pending regulatory approval.
The acquisition of Exaion underscores MARA Holdings' commitment to diversifying its business and adapting to new market conditions amid rising Bitcoin mining challenges.
