Bitcoin-Miner MARA Strikes $168 Million Deal for EDF Unit

MARA Holdings Inc., the largest Bitcoin miner, has struck a $168 million deal to acquire a majority stake in Exaion, a unit of Electricite de France SA. This acquisition is part of MARA's strategy to expand its operations beyond cryptocurrency mining and into the field of artificial intelligence (AI) infrastructure provision. Exaion is a subsidiary of the French energy company EDF, focused on providing AI and high-performance computing services. Through this deal, MARA aims to leverage Exaion's expertise and infrastructure to diversify its business and tap into the growing demand for AI-powered solutions. The acquisition is expected to strengthen MARA's position in the industry and allow the company to offer a more comprehensive range of services to its clients, including not only cryptocurrency mining but also AI-based infrastructure solutions. This strategic move by MARA highlights the company's ambition to position itself as a leader in the evolving technology landscape, blending its expertise in cryptocurrency mining with the opportunities presented by the growing AI sector.