MARA Acquires 64% Stake in EDF’s Exaion

The French Finance Ministry has approved MARA’s acquisition of a 64% stake in Exaion, a data center division of the French state-owned utility company EDF. The approval includes a non-compete clause that restricts EDF from engaging in commercial high-performance computing, artificial intelligence, and Bitcoin mining operations for two years post-transaction. EDF is also prohibited from investing in companies providing these services but can supply electricity or develop related technologies for internal use.