Bitcoin miner MARA Holdings is making its largest AI play so far, signing a $168 million deal to purchase a 64% stake in Exaion, a subsidiary of French state-owned Électricité de France, one of many world’s largest low-carbon power producers.
The settlement, introduced on Tuesday, consists of an possibility for MARA to lift its stake to 75% by 2027 with a further $127 million funding, contingent on efficiency milestones.
At present, MARA and @Edfofficiel signed an funding settlement in subsidiary Exaion to increase MARA’s world AI/HPC capabilities.
📄 Learn the press launch: https://t.co/mH0z6X8NWK pic.twitter.com/HHUyRXQDEj
– Mara (@mara) August 11, 2025
Exaion works with Nvidia
Exaion develops high-performance computing (HPC) information facilities and gives AI and cloud infrastructure in partnership with the likes of AI heavyweight Nvidia and Huge 4 accounting agency Deloitte.
The settlement now positions Exaion to transition to larger-scale worldwide deployment to serve enterprise and public-sector purchasers, MARA stated.
The transaction is anticipated to shut within the fourth quarter, topic to obligatory approvals.
MARA’s CEO and chairman Fred Thiel added: “As information safety and power effectivity turn out to be high priorities for each governments and enterprises, MARA and Exaion’s mixed experience would allow us to ship safe and scalable cloud options constructed for the way forward for AI.”
AI growth comes as BTC mining issue surges
MARA’s growth in AI comes amid a steep rise in Bitcoin (BTC) mining issuedriving up power consumption and placing strain on miner profitability margins until they adapt with extra environment friendly gear or decrease power prices.
MARA is the most important Bitcoin miner by Bitcoin manufacturing, community hash priceand market cap, however has been one of many final gamers within the business to make a big push into AI.
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In further feedback on Monday through X Areas, Thiel famous that MARA “intentionally selected to not be within the first wave” of increasing into AI and HPC information heart companies like different Bitcoin miners.
“Relatively than making an attempt to retrofit mining amenities, we’re investing in a companion who already has the experience, has the shopper base and has the observe document within the house,” the MARA boss stated, whereas including that “it permits us to maneuver shortly, intelligently and credibly.”
MARA’s new BTC manufacturing competitor
In July, MARA mined 703 Bitcoin — a uncommon loss to competitor agency IREN, which posted an organization document 728 Bitcoin in the identical month. MARA’s drop in manufacturing was possible pushed by fewer machines being lively for Bitcoin mining.
Nevertheless, MARA noticed its income rise 64% year-on-year to $238 million within the second quarter, whereas it nonetheless holds 50,000 Bitcoin price practically $6 billion, making it the second-largest Bitcoin treasury after Michael Saylor’s Technique.
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