BlockBeats News, February 21 — MARA announced on Friday that its French subsidiary MARA France has completed the acquisition of a 64% stake in Exaion. The agreement was initially reached last August. As part of the deal, NJJ Capital has established a strategic partnership with MARA, acquiring a 10% stake in MARA France. The EDF Group remains a minority shareholder and customer of Exaion.
According to previous reports by Bloomberg, MARA purchased Exaion’s controlling stake from its former parent company EDF Pulse Ventures for $168 million in cash. The French government had reviewed the transaction on national security grounds.
The Exaion board will consist of three representatives appointed by MARA, three by EDF Pulse Ventures, one by NJJ Capital, and the CEO and co-founder of Exaion. Billionaire Xavier Niel and MARA CEO Fred Thiel will jointly join the Exaion board.
The three parties stated that this collaboration aims to accelerate Exaion’s expansion, strengthen its capabilities in secure cloud services and high-performance computing, and help this France-based company become a leader in digital infrastructure in Europe.
EDF Group provides energy and services to approximately 41 million customers, with combined sales reaching €113.3 billion in 2025.
MARA, listed on NASDAQ, saw its stock price decline by about 40% last year and is expected to release its quarterly earnings next week. In the previous quarter, the company achieved a record profit of $123 million by combining its Bitcoin operations with new electricity and AI assets.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
UXLINK and ANT.FUN Partner to Boost Community-Driven On-Chain Trading
UXLINK has partnered with ANT.FUN to enhance on-chain trading by merging social networking with blockchain technology. This collaboration aims to enable community-driven growth, improve user experience, and ensure secure, low-fee transactions in the Web3 ecosystem.
BlockChainReporter1h ago
Cardano Brings Blockchain Payments to Swiss Retail With ADA at SPAR Stores
ADA payments now accepted at 137 SPAR stores in Switzerland through Cardano integration with DFX.swiss Open Crypto Pay.
Real-time blockchain transactions reduce merchant fees by about two-thirds compared to traditional card providers.
The Cardano Foundation has announced that Swiss payments
CryptoNewsFlash4h ago
PayPal and TCS Introduce Blockchain Network to Speed Up Freight Payments
PayPal and TCS Blockchain have introduced a blockchain settlement network to expedite payments in the trucking industry. By using PayPal USD stablecoin, freight invoices can be settled almost instantly, improving liquidity for carriers and reducing costs by up to 90%. The system aims to enhance transparency and efficiency in logistics finance.
CryptometerIo4h ago
Gate Ventures strategically invests in Utexo to promote the development of Bitcoin-native stablecoin infrastructure.
Gate Ventures announced a strategic investment in Utexo on March 6th. Utexo is a Bitcoin-native settlement infrastructure that combines the RGB protocol and the Lightning Network, supporting private and instant stablecoin transactions, integrating them into the Bitcoin ecosystem. This investment will promote ecosystem development and expand into global markets.
GateNews4h ago
Molecule teams up with Bio Protocol to launch Science Beach, supporting AI agents and human collaboration in scientific research
Solana's decentralized science platform Molecule and Bio Protocol jointly launch Science Beach, aiming to support AI agents collaborating with humans to develop scientific hypotheses. The project has generated over 1,100 hypotheses, involving funding support and research query fees.
GateNews5h ago
Sentio Partners Chainbase to Build AI-Ready On-Chain Data Infrastructure
Sentio and Chainbase have teamed up to enhance on-chain data processing, creating AI-ready structured datasets. This partnership aims to increase data accessibility and standardization, benefiting developers and Web3 applications by transforming raw data into organized insights.
BlockChainReporter7h ago
