Mining Firm MARA Plans to Acquire Controlling Stake in EDF’s AI Subsidiary for $168 Million
According to ChainCatcher, Bloomberg reports that Bitcoin mining company MARA Holdings Inc. will acquire a 64% stake in Exaion, a technology subsidiary of French power company EDF, for $168 million in cash.
Under the agreement, MARA also has the option to invest an additional $127 million to increase its stake to 75%. EDF will retain its minority shareholder status.
This acquisition aims to expand MARA’s business presence in the field of artificial intelligence infrastructure.
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