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Bitcoin miner MARA Holdings is making its biggest AI play to date, signing a $168 cardinal woody to bargain a 64% involvement successful Exaion, a subsidiary of French state-owned Électricité de France, 1 of the world’s largest low-carbon vigor producers.
The agreement, announced connected Tuesday, includes an enactment for MARA to rise its involvement to 75% by 2027 with an further $127 cardinal investment, contingent connected show milestones.
— MARA (@MARA) August 11, 2025Exaion works with Nvidia
Exaion develops high-performance computing (HPC) information centers and provides AI and unreality infrastructure successful concern with the likes of AI heavyweight Nvidia and Big Four accounting steadfast Deloitte.
The statement present positions Exaion to modulation to larger-scale planetary deployment to service endeavor and public-sector clients, MARA said.
The transaction is expected to adjacent successful the 4th quarter, taxable to indispensable approvals.
MARA’s CEO and president Fred Thiel added: “As information extortion and vigor ratio go apical priorities for some governments and enterprises, MARA and Exaion’s combined expertise would alteration america to present unafraid and scalable unreality solutions built for the aboriginal of AI.”
AI enlargement comes arsenic BTC mining trouble surges
MARA’s enlargement successful AI comes amid a steep emergence successful Bitcoin (BTC) mining difficulty, driving up vigor depletion and putting unit connected miner profitability margins unless they accommodate with much businesslike instrumentality oregon little vigor costs.
MARA is the largest Bitcoin miner by Bitcoin production, network hash rate, and marketplace cap, but has been 1 of the past players successful the manufacture to marque a important propulsion into AI.
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In further comments connected Monday via X Spaces, Thiel noted that MARA “deliberately chose not to beryllium successful the archetypal wave” of expanding into AI and HPC information halfway businesses similar different Bitcoin miners.
“Rather than trying to retrofit mining facilities, we’re investing successful a spouse who already has the expertise, has the lawsuit basal and has the way grounds successful the space,” the MARA brag said, portion adding that “it allows america to determination quickly, intelligently and credibly.”
MARA’s caller BTC accumulation rival
In July, MARA mined 703 Bitcoin — a uncommon nonaccomplishment to rival steadfast IREN, which posted a institution grounds 728 Bitcoin successful the aforesaid month. MARA’s driblet successful accumulation was apt driven by less machines being progressive for Bitcoin mining.
However, MARA saw its revenue emergence 64% year-on-year to $238 cardinal successful the 2nd quarter, portion it inactive holds 50,000 Bitcoin worthy astir $6 billion, making it the second-largest Bitcoin treasury aft Michael Saylor’s Strategy.
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