Bitcoin mining company MARA acquires EDF subsidiary for $168 million to expand AI business

On August 12, according to reports, Bitcoin mining company MARA Holdings Inc. will acquire 64% of the technology subsidiary Exaion of the French electricity company (EDF) for $168 million in cash. According to the protocol, MARA also has the option to invest an additional $127 million, raising its ownership stake to 75%. The French electricity company will continue to hold a minority shareholder status. This acquisition aims to expand MARA's business layout in the field of artificial intelligence infrastructure.

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RektCoastervip
· 08-12 00:53
Another merger and acquisition.
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BearMarketBrovip
· 08-12 00:35
Acquisition just makes you want to da moon? What are you doing?
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ProveMyZKvip
· 08-12 00:27
I understand everything, no other meaning.
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