Mining company MARA plans to acquire controlling stake in French electric company's AI subsidiary for $168 million

According to Mars Finance on August 12, Bloomberg reported that Bitcoin mining company MARA Holdings Inc. will acquire 64% of the shares of Exaion, a technology subsidiary of the French electric utility company (EDF), for $168 million in cash. Under the agreement, MARA also has the option to invest an additional $127 million to increase its stake to 75%. The French electric company will continue to hold a minority shareholder status. This acquisition aims to expand MARA's business layout in the field of artificial intelligence infrastructure.