After months of nationwide safety critiques, France has authorised the sale of a majority stake in state-run Electrical energy France’s (EDF) major information middle division to US-based Bitcoin mining firm MARA Holdings Inc.
Florida-based MARA will purchase a 64% stake in Exaion, a subsidiary that operates high-performance computing infrastructure for digital workloads. The deal, first introduced in August 2025, is price $168 million.
The deal raised issues in Paris about attainable overseas management of digital infrastructure. In response, the French authorities imposed situations earlier than approving it.
NJJ Capital, an funding firm managed by telecoms billionaire Xavier Niel, will take a ten% stake in Mara France, the native subsidiary liable for the deal, in trade for French traders to intervene. EDF will keep a minority stake and proceed as a buyer of Exion.
Finance Minister Laurent Lescure stated the end result was an indication that France remained open to worldwide funding whereas defending its strategic pursuits.
“With this operation, the nation is advancing on two fronts: on the one hand, it confirms France’s attractiveness to worldwide funding, whereas on the similar time guaranteeing the uncompromising safety of our strategic pursuits and technological sovereignty,” the minister stated. The federal government assertion added that no delicate EDF information will stay with Exaion after the sale.
Exaion’s board of administrators will now embrace representatives from MARA, EDF and NJJ.
