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MARA Holdings Acquires 64% of EDF's Exaion for $168M, with NJJ Capital Taking 10% Stake

U.S. bitcoin miner MARA Holdings announced the acquisition of a 64% stake in Exaion, the high‑performance computing subsidiary of France’s state‑owned EDF, for $168 million. The French government required a French investor, leading NJJ Capital to take a 10% stake in the acquisition vehicle, while EDF retains a minority stake. The deal was approved on Feb 21 2026 after a national‑security review.

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