Marathon Holdings to Acquire Stake in EDF's Exaion: Bitcoin Mining Expansion

Marathon Holdings, formerly Marathon Digital, is reportedly nearing a deal to acquire a significant 64% stake in Exaion, a subsidiary of Électricité de France (EDF). The deal, valued at approximately $170 million, would see Marathon acquire the stake from EDF's venture capital arm, according to Bloomberg. Exaion focuses on developing and operating high-performance computing (HPC) data centers. These centers provide crucial cloud and AI infrastructure, aligning with the growing demand for computational power across various industries. This strategic acquisition signals Marathon's continued diversification beyond pure-play Bitcoin mining. By investing in Exaion's HPC infrastructure, Marathon gains access to a valuable asset in the expanding fields of artificial intelligence and cloud computing, supplementing its core Bitcoin mining operations. This move could also provide Marathon with a more stable and diversified revenue stream, lessening its reliance solely on Bitcoin market fluctuations. The partnership with EDF, a major energy player, could also offer advantages in securing energy resources for Marathon's operations. ```