Marathon Digital Finalizes $168M French Data Center Acquisition

Edgen Crypto

·Feb 20 2026, 19:05

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Key Takeaways

Marathon Digital Holdings has finalized its purchase of a majority stake in French data center operator Exaion for $168 million in cash. The move marks a significant strategic expansion into Europe, aimed at diversifying operations and capitalizing on more stable energy markets.

Marathon acquired a 64% majority stake in Exaion from EDF Pulse Ventures for $168 million in cash.
The transaction provides Marathon with its first operational foothold in Europe, diversifying its geographic presence beyond the United States.
The deal is expected to provide access to lower, more stable energy costs, directly improving Marathon's profitability and competitive standing.

MARA Secures 64% Stake in Exaion for $168M

Marathon Digital Holdings (MARA) has completed its acquisition of a 64% majority stake in the French data center company Exaion. The bitcoin miner paid $168 million in cash to EDF Pulse Ventures for the controlling interest in a deal first announced in August. This purchase solidifies Marathon's expansion strategy, giving it a significant operational presence within the European Union.

Acquisition Targets Stable European Energy Costs

The move into France provides Marathon with crucial geographic diversification and access to a different energy market. By establishing operations in Europe, the company aims to leverage more stable and potentially lower energy costs, which are a primary operational expense for bitcoin mining. This strategic positioning is designed to enhance profitability and strengthen Marathon's competitive advantage against other publicly traded miners that are heavily concentrated in North America.