MARA appoints Mestrallet as senior advisor, establishes Paris HQ

MIAMI/PARIS - Digital energy company MARA Holdings, Inc. (NASDAQ:MARA), currently valued at $6.06 billion with a P/E ratio of 7.99, announced Monday it has appointed Gérard Mestrallet as a senior advisor and François Garcin as general manager of Europe, while establishing its European headquarters in Paris. According to InvestingPro data, the company has demonstrated strong growth with revenue increasing 41% over the last twelve months.

Mestrallet, who served as Chairman and CEO of ENGIE for over 20 years, currently acts as Special Envoy for French President Emmanuel Macron on the India-Middle East-Europe Economic Corridor. His extensive background includes board positions with Siemens, Saudi Electric Company, and advisory roles with JP Morgan & Co.

"I decided to join MARA as a Senior Advisor in order to help consolidate the world’s oldest and most successful strategic alliance, the alliance between the United States of America and France," Mestrallet said in the press release.

Garcin, who joined MARA in July, will oversee European operations from the new Paris headquarters. He previously founded Argenthal Holdings, a financial advisory firm focused on technology investments, and has over 20 years of experience in finance and technology sectors.

MARA Chairman and CEO Fred Thiel described the appointments as positioning the company "at the heart of Europe’s energy ecosystem" as part of its international growth strategy. Garcin has already played a key role in forming MARA France and MARA Europe, as well as securing a recent investment agreement with Exaion.

MARA describes itself as a company that deploys digital energy technologies to transform excess energy into digital capital and balance power grids. The company trades on the Nasdaq under the ticker MARA. While analysts maintain price targets ranging from $18 to $34, InvestingPro analysis suggests the stock is currently slightly overvalued. For deeper insights into MARA’s valuation and 12 additional exclusive ProTips, including detailed cash flow analysis and growth projections, explore the comprehensive Pro Research Report available on InvestingPro.

The information in this article is based on a company press release statement and enhanced with financial data from InvestingPro.

In other recent news, Marathon Digital Holdings reported a record-breaking second quarter for 2025, with revenues reaching $238.5 million, marking a 64% increase compared to the previous year. The company also surprised markets by reporting earnings per share of $1.84, significantly exceeding the forecasted loss of $0.22. Cantor Fitzgerald has maintained an Overweight rating on Marathon Digital Holdings, citing the company’s impressive performance, with a price target of $39.00. The company also reported an expansion in its quarterly adjusted EBITDA margin to 22.2%, an increase of approximately 970 basis points.

Additionally, Marathon Digital Holdings announced an agreement to acquire a 64% stake in Exaion, a subsidiary of French energy producer EDF, for approximately $168 million in cash. This deal includes an option for Marathon to increase its ownership in Exaion to 75% by 2027, contingent upon certain milestones. The acquisition is part of Marathon’s strategy to expand into artificial intelligence infrastructure. These developments come amid a retreat in Bitcoin-linked stocks, including Marathon, as cryptocurrency prices fell from recent highs.

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