Mining Firm MARA Plans to Acquire Controlling Stake in EDF’s AI Subsidiary for $168 Million
According to ChainCatcher, Bloomberg reports that Bitcoin mining company MARA Holdings Inc. will acquire a 64% stake in Exaion, a technology subsidiary of French power company EDF, for $168 million in cash.
Under the agreement, MARA also has the option to invest an additional $127 million to increase its stake to 75%. EDF will retain its minority shareholder status.
This acquisition aims to expand MARA’s business presence in the field of artificial intelligence infrastructure.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Arthur Hayes Jokes About Proposing Tom Lee as Head of the Ethereum Foundation
Polymarket Updates Oracle Mechanism: Dispute Proposal Rights to Be Restricted to Whitelisted Addresses
Project Hunt: Hologram, the Virtual Avatar Company, Is the Most Unfollowed Project by Top Figures in the Past 7 Days
Data: Broad Pullback in Crypto Sector, AI Segment Leads Decline with Over 7% Drop, ETH Falls Below $4,300
Trending news
MoreCrypto prices
More
