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
BTC falls below $90,000
Data: 3,250 ETH transferred out from Fidelity Custody, worth approximately $10.19 million
In the past month, Circle has issued a total of 10 billion USDC.
Data: 78.09 BTC transferred from an anonymous address to Jump Crypto, valued at approximately $6.6268 million
Trending news
MoreCrypto prices
More
