MARA Holdings Acquires 64% Stake in Exaion for $168 Million

MARA Holdings has received approval from the French Ministry of Finance to acquire a 64% controlling stake in Exaion, a data center subsidiary of Electricite de France, for approximately $168 million. The transaction, initially delayed due to national sovereignty reviews, has been cleared after meeting regulatory conditions. Following the acquisition, MARA plans to expand its presence in Europe’s data center, high-performance computing, and Bitcoin mining infrastructure sectors.