BlockBeats News, February 21 — MARA announced on Friday that its French subsidiary MARA France has completed the acquisition of a 64% stake in Exaion. The agreement was initially reached last August. As part of the deal, NJJ Capital has established a strategic partnership with MARA, acquiring a 10% stake in MARA France. The EDF Group remains a minority shareholder and customer of Exaion.
According to previous reports by Bloomberg, MARA purchased Exaion’s controlling stake from its former parent company EDF Pulse Ventures for $168 million in cash. The French government had reviewed the transaction on national security grounds.
The Exaion board will consist of three representatives appointed by MARA, three by EDF Pulse Ventures, one by NJJ Capital, and the CEO and co-founder of Exaion. Billionaire Xavier Niel and MARA CEO Fred Thiel will jointly join the Exaion board.
The three parties stated that this collaboration aims to accelerate Exaion’s expansion, strengthen its capabilities in secure cloud services and high-performance computing, and help this France-based company become a leader in digital infrastructure in Europe.
EDF Group provides energy and services to approximately 41 million customers, with combined sales reaching €113.3 billion in 2025.
MARA, listed on NASDAQ, saw its stock price decline by about 40% last year and is expected to release its quarterly earnings next week. In the previous quarter, the company achieved a record profit of $123 million by combining its Bitcoin operations with new electricity and AI assets.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Crypto Social Buzz: Bitcoin, Ethereum, and Emerging Coins Lead Discussion
Bitcoin hits 20M mined coins, fueling debates on supply, institutional buys, and market control.
Zcash seed round and privacy tech drive social buzz, while Tether gains attention via USAT launch.
Ethereum staking, Dogecoin rumors, and TRON AI partnerships dominate crypto social
CryptoFrontNews3h ago
REI Network Joins EmoFi to Drive InfoFi and Web3 Intelligence
REI Network, a cutting-edge blockchain platform, has partnered with EmoFi, a financial intelligence and data analytics firm. The partnership aims to redefine information, user-generated insights, and sentiment into tradable and tokenized digital assets in decentralized ecosystems. As REI Network
BlockChainReporter6h ago
Japanese Payment Giant PayPay Surges 15.6% on Nasdaq IPO Debut, Market Cap Reaches $12.37 Billion
SoftBank-backed Japanese cashless payment company PayPay went public on Nasdaq on March 13, with its stock price rising 15.6% on the first day of IPO, reaching a market cap of $12.37 billion. PayPay has 70 million users and is promoting the combination of digital payments and cryptocurrency through acquiring stakes in cryptocurrency exchanges.
GateNews8h ago
Zama and GSR Complete First Confidential OTC Transaction on Ethereum, Achieving On-Chain Sensitive Data Encryption Protection
Gate News reports that on March 12, Zama and crypto market maker GSR announced that they have completed the first confidential over-the-counter transaction on Ethereum based on the Zama protocol. The transaction achieved encrypted protection of sensitive data such as transaction size and fund flows on the public blockchain. Zama stated that the transaction aims to eliminate "privacy loopholes" for institutional participants caused by on-chain data transparency. Through fully homomorphic encryption (FHE) technology, transaction details remain encrypted on-chain while ensuring transaction verifiability and settlement finality.
GateNews10h ago
UXUY Partners with Flap to Launch PumpAI, an AI Agent Autonomous Launch Platform
UXUY and Flap Reach Strategic Partnership, Focusing on AI Agent Asset Ecosystem, Launching PumpAI Platform to Enable AI Agent Autonomous Token Issuance. AI Agents Possess Sharp Market Insights, Supporting Trading Tax Decision-Making and Diversified Distribution, Driving Community Development. Founder Kevin Emphasizes the Important Transformation and Innovation Potential of AI Agents in On-Chain Ecosystems.
GateNews10h ago
Puffer collaborates with Anchorage Digital to offer pufETH services to institutional investors
Gate News reported that on March 12, Puffer has reached a partnership with Anchorage Digital to provide pufETH exposure to institutional investors. This collaboration aims to leverage Anchorage Digital's institutional-grade custody and infrastructure capabilities to enable institutions to access the Puffer ecosystem and its liquid staking products more conveniently.
GateNews10h ago
