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MARA Holdings in talks to buy majority stake in Exaion from EDF - Bloomberg

Published 11/08/2025, 21:08
© Reuters.
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Investing.com -- MARA Holdings Inc. is in advanced negotiations to purchase a majority stake in Exaion from Electricite de France SA (EPA:EDF), as the largest Bitcoin miner seeks to expand into artificial intelligence infrastructure, according to a report from Bloomberg, citing sources familiar with the discussions.

The Hallandale Beach, Florida-based company is discussing a cash payment of approximately $168 million to acquire a 64% stake in Exaion from EDF Pulse Ventures, the venture capital division of the French utility group.

The deal would also include an option for MARA to increase its ownership to 75% for an additional $127 million, subject to certain conditions being met. EDF would continue to hold a minority position in Exaion following the transaction.

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