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Teodor Volkov

MARA Holdings closes $168M deal for 64% of EDF unit Exaion on February 20, 2026

On February 20, 2026, MARA Holdings said it completed the cash purchase of a 64% controlling stake in Exaion, a French computing infrastructure firm owned by EDF, for $168 million. First announced in August 2025, the deal received final approval from French regulators, and includes an option to lift ownership to 75% by 2027 for an additional $127 million.
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