France Approves MARA's Acquisition of Majority Stake in EDF Data Center
The French Ministry of Finance has approved MARA Holdings' acquisition of a 64% controlling stake in Exaion, a data center subsidiary of Electricite de France (EDF), for approximately $168 million.
The deal was previously delayed due to national security scrutiny but has now cleared regulatory hurdles.
Deal Background and Strategic Implications
This acquisition marks a significant step in MARA's expansion strategy across Europe. Following the completion of the transaction, MARA is set to enhance its footprint in data centers, high-performance computing, and bitcoin mining infrastructure.
The move underscores its commitment to investing in high-growth technological sectors within the European market.
- Deal valued at approximately $168 million
- Involves 64% ownership of Exaion
- Previously delayed over sovereignty concerns
- MARA to expand presence in data centers and mining