Bitcoin Mining Ban: EDF Faces Two-Year Halt

MARA’s Acquisition of Exaion Could Restrict EDF’s HPC Activities

• Investigative journalists uncovered a clause in the sale agreement between Électricité de France (EDF) and MARA Holdings.
• MARA Holdings acquired a 64% stake in Exaion, an EDF subsidiary, for approximately $168 million.
• The deal could restrict EDF from engaging in any high-performance computing (HPC) activities for two years.
• Restrictions reportedly include Bitcoin mining, AI computing, cloud services, and energy support for HPC companies.
• This could potentially impact France’s AI flagship, Mistral AI.

MARA Holdings’ acquisition of Exaion includes a clause that may limit EDF’s involvement in high-performance computing activities for two years. This restriction encompasses areas such as Bitcoin mining and AI infrastructure development.