Mining Firm MARA Plans to Acquire $168 Million Stake in French Power Company's AI Subsidiary

BlockBeats News, August 12th, according to Bloomberg, Bitcoin mining firm MARA Holdings Inc. will acquire a 64% stake in Exaion, a technology subsidiary of the French electricity company (EDF), for $168 million in cash. Under the agreement, MARA can also choose to make an additional investment of $127 million to increase its stake to 75%. The French electricity company will retain a minority shareholder status. This acquisition aims to expand MARA's business presence in the artificial intelligence infrastructure field.