**MARA Finalizes 64% Stake Acquisition in France’s Exaion** MARA announced Friday its French subsidiary MARA France has completed the acquisition of a 64% stake in French digital infrastructure firm Exaion. The deal was initially struck in August 2023. Key transaction details: – NJJ Capital has formed a strategic partnership with MARA, taking a 10% stake in MARA France. – EDF Group will remain a minority shareholder and client of Exaion. Per a prior Bloomberg report, MARA purchased the majority stake for $168 million in cash from Exaion’s former parent EDF Pulse Ventures. The French government reviewed the deal over sovereignty concerns. Exaion’s board will include three representatives from MARA, EDF Pulse Ventures, and NJJ Capital, plus the company’s CEO and co-founder. Billionaire Xavier Niel and MARA CEO Fred Thiel will join the board together. The three parties said the partnership aims to: – Speed up Exaion’s expansion – Boost its secure cloud services and high-performance computing capabilities – Turn the France-based firm into a European digital infrastructure leader EDF Group supplies energy and services to roughly 41 million customers, with projected consolidated revenue of €113.3 billion by 2025. Nasdaq-listed MARA saw its stock fall roughly 40% last year and is set to report quarterly earnings next week. In its most recent quarter, the firm posted a record $123 million profit, driven by its Bitcoin business plus new power and AI assets.
