MARA France Acquires Majority Stake in Exaion to Boost European HPC Growth
According to France’s official approval, U.S.-based bitcoin miner MARA will buy 64% of EDF’s Exaion for $168 million, with NJJ taking 10% of Mara France and EDF retaining a minority stake.
BTC
Summary
In an official government announcement, France approved the sale of a 64% stake in EDF’s high-performance computing subsidiary Exaion to Florida-based bitcoin miner MARA Holdings for $168 million, following months of national-security review. As a condition, NJJ Capital will take a 10% stake in Mara France, the local acquisition vehicle. EDF will keep a minority stake and remain an Exaion client. The government said no sensitive EDF data will remain with Exaion, and Exaion’s board will include representatives from MARA, EDF, and NJJ.
Terms & Concepts
- Bitcoin miner: A company that operates specialized hardware to validate Bitcoin transactions and secure the network in exchange for block rewards and transaction fees.