MARA Holdings Inc. Acquires 64% Stake in Exaion for $168 Million
According to Deep Tide TechFlow, on August 12, Bitcoin mining company MARA Holdings Inc. will acquire a 64% stake in Exaion, a technology subsidiary of the French electric utility company, for $168 million in cash. Under the agreement, MARA also has the option to make an additional investment of $127 million, increasing its ownership to 75%. The French electric utility 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.