BlockBeats News, February 21 — MARA announced on Friday that its French subsidiary MARA France has completed the acquisition of a 64% stake in Exaion. The agreement was initially reached last August. As part of the deal, NJJ Capital has established a strategic partnership with MARA, acquiring a 10% stake in MARA France. The EDF Group remains a minority shareholder and customer of Exaion.
According to previous reports by Bloomberg, MARA purchased Exaion’s controlling stake from its former parent company EDF Pulse Ventures for $168 million in cash. The French government had reviewed the transaction on national security grounds.
The Exaion board will consist of three representatives appointed by MARA, three by EDF Pulse Ventures, one by NJJ Capital, and the CEO and co-founder of Exaion. Billionaire Xavier Niel and MARA CEO Fred Thiel will jointly join the Exaion board.
The three parties stated that this collaboration aims to accelerate Exaion’s expansion, strengthen its capabilities in secure cloud services and high-performance computing, and help this France-based company become a leader in digital infrastructure in Europe.
EDF Group provides energy and services to approximately 41 million customers, with combined sales reaching €113.3 billion in 2025.
MARA, listed on NASDAQ, saw its stock price decline by about 40% last year and is expected to release its quarterly earnings next week. In the previous quarter, the company achieved a record profit of $123 million by combining its Bitcoin operations with new electricity and AI assets.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Io.net Targets AI Cloud Costs With Decentralized GPU Network
Io.net offers a decentralized solution for AI computing, addressing the rising costs faced by developers. It provides affordable, on-demand GPU capacity, aiming to bridge the gap for smaller innovators in a market dominated by high expenditure.
BlockChainReporter6h ago
Circle Minted $3.25 Billion USDC on Solana Past Week, What This Means
Circle Internet Group minted $3.25 billion in USDC on the Solana blockchain, marking the largest weekly issuance in 2026. This move reflects Circle's strategy to enhance USDC's accessibility and capitalize on Solana's speed and low fees amid rising stablecoin demand.
BlockChainReporter8h ago
Nasdaq-listed OFA Group reaches a $15 million RWA tokenization agreement
OFA Group and MD Queens Development have reached an agreement to provide RWA tokenization services, supporting the blockchain infrastructure for a Long Island project in New York. OFA will receive a total of $15 million in funding, paid in stages.
GateNews9h ago
BTC Digital and Aurora Energy Partner to Build an AI Computing Platform Powered by Natural Gas
Gate News message, April 6, BTC Digital signed a joint development and operations agreement with Canadian energy company Aurora Energy. The two sides will combine Aurora Energy’s natural gas resource advantages and BTC Digital’s experience in operating computing infrastructure to jointly build high-performance computing facilities. The facility’s initial phase will support Bitcoin mining, with plans to expand in the future to artificial intelligence computing, data center computing, and other high-performance computing application scenarios.
GateNews10h ago
