Finance
What to know:
- MARA Holdings, in a move that could only be described as audacious, acquired a staggering 64% stake in Exaion, the high-performance computing infrastructure subsidiary of EDF, for the not-so-modest sum of $168 million. One must wonder, what do they plan to compute? The meaning of life?
- The ever-watchful French government, with a flair for the dramatic, imposed conditions akin to a shrewd chess player, including a 10% stake for NJJ Capital, to address its national-interest concerns. After all, who wouldn’t want to ensure their digital infrastructures remain untouched by foreign hands, or worse, foreign whims?
- In this grand spectacle, a French investor was summoned-behold NJJ!-while EDF, like an aging monarch, retains a minority stake and continues as a loyal subject of Exaion’s services.
In a twist befitting a tale spun by fate itself, France has given the nod to the sale of a majority stake in a critical data center unit of its revered Electricité de France (EDF) to the gallant U.S.-based bitcoin miner MARA Holdings Inc., after what feels like an eternity of scrutinizing every conceivable detail of national security.
Located in the sun-kissed realm of Florida, MARA embarks on this venture, clutching a 64% stake in Exaion, the noble subsidiary that operates high-performance computing infrastructure, as if it were a golden chalice of digital workload. The deal, first whispered about back in August 2025, carries a price tag of $168 million, a sum that could purchase a small island, yet here we are!
This transaction, however, aroused the sleeping giants in Paris, conjuring fears of foreign dominion over the sacred realm of digital infrastructure. In response, the French government, armed with red tape and conditions galore, took steps reminiscent of an opera, full of drama and suspense, before finally granting approval.
NJJ Capital, an investment firm controlled by the telecom czar Xavier Niel, shall take a 10% stake in Mara France, the local entity handling this delicate acquisition, all in exchange for ensuring a French presence remains amidst the chaos. Meanwhile, EDF clings to its minority stake, dutifully continuing its existence as a client of Exaion.
Finance Minister Roland Lescure, with a twinkle of optimism in his eye, proclaimed this outcome as a testament to France’s welcoming arms for international investments while simultaneously guarding its sacred strategic interests. Oh, the duality of man!
“In this operation, the State is advancing on two fronts,” the Minister declared, “we are confirming France’s attractiveness for international investment, while ensuring uncompromising protection of our strategic interests and our technological sovereignty.” A government statement further reassured the populace that no sensitive EDF data would remain with Exaion following the sale. A relief, indeed, as one would not want the digital secrets of France falling into the wrong hands.
With the dust finally settling, Exaion’s board of directors will now include representatives from MARA, EDF, and NJJ, forming what could be the most eclectic ensemble since the last great political farce.
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2026-02-21 20:29