Bitcoin miner MARA Holdings is making its greatest AI play up to now, 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, announced on Tuesday, consists of an choice for MARA to lift its stake to 75% by 2027 with an extra $127 million funding, contingent on efficiency milestones.
In the present day, 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 Massive 4 accounting agency Deloitte.
The settlement now positions Exaion to transition to larger-scale worldwide deployment to serve enterprise and public-sector purchasers, MARA mentioned.
The transaction is predicted to shut within the fourth quarter, topic to mandatory approvals.
MARA’s CEO and chairman Fred Thiel added: “As information safety and power effectivity turn into prime 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 enlargement comes as BTC mining problem surges
MARA’s enlargement in AI comes amid a steep rise in Bitcoin (BTC) mining difficulty, driving up power consumption and placing stress on miner profitability margins except they adapt with extra environment friendly gear or decrease power prices.
MARA is the most important Bitcoin miner by Bitcoin manufacturing, network hash rate, and 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 extra feedback on Monday through X Areas, Thiel noted that MARA “intentionally selected to not be within the first wave” of increasing into AI and HPC data center businesses like different Bitcoin miners.
“Fairly than making an attempt to retrofit mining amenities, we’re investing in a associate who already has the experience, has the shopper base and has the observe document within the house,” the MARA boss mentioned, whereas including that “it permits us to maneuver rapidly, 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 same month. MARA’s drop in manufacturing was probably pushed by fewer machines being energetic for Bitcoin mining.
Nonetheless, MARA noticed its revenue rise 64% year-on-year to $238 million within the second quarter, whereas it nonetheless holds 50,000 Bitcoin price almost $6 billion, making it the second-largest Bitcoin treasury after Michael Saylor’s Technique.
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