PANews reported on August 12 that MARA’s $168M acquisition of a 64% stake in French data company Exaion—specializing in data centers, cloud, and AI—signals its expansion into AI reasoning, bolstered by a Q2 EBITDA surge to $808M.
According to PANews and Bloomberg on August 12, MARA Holdings Inc. plans to acquire a 64% stake in French data company Exaion for $168 million, with an option to invest an additional $127 million to increase its holding to 75%, while EDF remains a minority shareholder. Exaion specializes in data center construction, cloud, and AI infrastructure, marking MARA's strategic expansion into AI reasoning. Additionally, MARA's adjusted EBITDA surged over 1,000% year-over-year to $808 million in Q2, reinforcing its robust Bitcoin strategy.