Bitcoin miner MARA buys majority stake in Exaion to grow AI business

Description

MARA Holdings Inc. is about to sign a $168 million deal to buy most of EDF’s Exaion, making its biggest step from Bitcoin mining into artificial intelligence infrastructure. The company’s SEC filing says MARA’s French unit, MARA France SAS, will buy new and existing shares to own 64% of Exaion, a high-performance computing and AI infrastructure firm. The deal should close in late 2025 or early 2026, once regulators in France and Canada approve it. MARA buys majority stake in Exaion to grow AI bu...