France Approves Sale of EDF Data Center to U.S. Bitcoin Miner
- MARA Holdings Inc. will acquire a 64% stake in Exaion, a subsidiary of Electricité de France (EDF), for $168 million.
- The deal was approved after a national security review due to concerns over foreign control of digital infrastructure.
- NJJ Capital, led by telecom billionaire Xavier Niel, will take a 10% stake in the local entity handling the acquisition.
- The French government imposed conditions to ensure that no sensitive EDF data remains with Exaion post-sale.
- Finance Minister Roland Lescure emphasized France’s commitment to international investment while safeguarding its strategic interests.
This acquisition marks a significant move in the cryptocurrency mining sector, as MARA Holdings expands its operations in Europe through this strategic partnership with EDF and NJJ Capital.
With this deal, MARA Holdings is set to enhance its presence in high-performance computing for digital workloads while maintaining EDF’s minority stake and client relationship with Exaion. (Source)
