MARA closes majority stake purchase in French AI cloud firm Exaion

MARA completed its purchase of a majority interest in Exaion, the French high-performance computing and sovereign AI cloud business that was carved out of EDF. The purchase was made through MARA France SaS for total cash consideration of $174.5 million (EUR 148.0 million), including working-capital adjustments.

• Closed February 20, 2026
• Cash consideration $174.5 million (EUR 148.0 million), including working-capital adjustments
• Bought through majority-owned subsidiary MARA France SaS
• EDF keeps a minority stake and remains a customer