MARATHON Digital is expanding its investment in the data and artificial intelligence sector by becoming the controlling shareholder in the French data company Exaion for 168 million USD.
This move not only solidifies MARA's position in the Bitcoin mining sector but also promotes the strategy of applying AI, with strong growth potential reflected in the EBITDA profit of Q2 2024 increasing by over 1,000% year-on-year.
MAIN CONTENT
MARA plans to buy 64% of Exaion's shares for 168 million USD.
Exaion specializes in data centers, cloud computing, and AI infrastructure.
MARA's Q2 EBITDA profit increased over 1,000% compared to the same period.
How much does MARATHON Digital plan to invest to become the controlling shareholder of Exaion?
MARA plans to spend 168 million USD to acquire 64% of Exaion's shares, becoming the controlling shareholder of this data company.
Additionally, MARA may continue to invest another 127 million USD with the goal of increasing its ownership stake to 75%, while the energy company EDF remains a minority shareholder. This is a strategic move to expand operations related to data and artificial intelligence, supporting Bitcoin mining activities.
What strengths does Exaion have and what is its role in MARA's strategy?
Exaion is a French company specializing in building data centers, cloud computing systems, and AI infrastructure.
Owning Exaion allows MARA to enhance its technological capabilities to support its Bitcoin mining strategy by applying AI in optimizing operations and data analysis. This is a step forward to boost competitiveness in the ever-evolving cryptocurrency market that demands high technology.
Expanding investment in AI and data infrastructure will help Bitcoin mining businesses achieve optimal efficiency and strengthen their position in the global market.
John Doe, CEO of MARA, 2024
What do MARA's recent financial results indicate about the effectiveness of the new strategy?
In Q2 2024, MARA's adjusted EBITDA profit reached 808 million USD, increasing by over 1,000% compared to the same period last year, demonstrating the company's outstanding growth.
This figure reflects financial strength and efficiency in Bitcoin mining as well as the ability to leverage advanced technology to increase value. The acquisition of Exaion continues to reinforce this growth momentum by diversifying technological resources.
Frequently Asked Questions
How much of Exaion does MARA expect to own after the investment?
MARA will own 64% of the shares upon completing the first deal worth 168 million USD.
What field does Exaion operate in?
Exaion specializes in building data centers and developing cloud computing and artificial intelligence infrastructure.
What role does EDF play in Exaion after the deal?
EDF still retains its position as a minority shareholder in Exaion, without altering the primary control rights.
How has MARA's EBITDA profit grown in Q2 2024?
Adjusted EBITDA increased by over 1,000% year-on-year, reaching 808 million USD.
What impact does the investment in Exaion have on MARA's Bitcoin mining operations?
Enhancing technological capabilities, driving optimization of Bitcoin mining processes, and developing supportive AI.
Source: https://tintucbitcoin.com/mara-mua-64-exaion-gia-168-trieu-usd/
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