MARA Holdings Wins Approval for Exaion Acquisition, Expanding European Presence

MARA Holdings has received French approval to acquire a controlling stake in Exaion, EDF's data center unit. The decision includes a non-compete clause for EDF and obligations to maintain industrial capacity and data protection standards. The transaction expands MARA's presence in European digital infrastructure and bitcoin mining. Regulators are treating this part of the crypto and data stack as sensitive, closer to critical infrastructure than a niche activity.