MARA takes majority control of French data-center unit

In a finalized deal, MARA acquired a controlling stake in a France-based digital infrastructure firm, gaining operational influence over cloud and compute assets.

The transaction gives MARA a 64% ownership slice while a strategic partner, NJJ Capital, takes a minority equity interest in MARA’s French vehicle.

Corporate governance at the acquired company was reshaped: seats were allocated so that MARA and the seller each appoint multiple directors, with a single director representing NJJ alongside the CEO and co-founder.

French authorities examined the sale under national screening rules before allowing it to proceed; the seller remains a minority investor and continues as a commercial customer of the unit.

Leadership describes the arrangement as a growth vehicle to build out secure cloud offerings and to expand high-performance computing capacity aimed at European customers.

• Immediate structural outcomes: 64% majority control by MARA and a 10% minority stake for NJJ in MARA’s French affiliate.
• Board realignment places three representatives from MARA and three from the original investor, plus one from NJJ, the CEO, and co-founder.
• Regulatory clearance was obtained after a government screening focused on strategic assets and data sovereignty.
• EDF’s group involvement continues via a minority stake and commercial supply agreements.
• MARA approaches upcoming financial reporting with recent operational gains in combined bitcoin, power, and AI assets already reflected in quarterly results.

The acquisition ties a Nasdaq-listed crypto miner to European cloud infrastructure, creating a hybrid operator that can route specialized compute workloads across energy and AI platforms.

Short-term market reaction will be watched when MARA posts quarterly results next week; management has highlighted recent profitable quarters driven by the mix of mining and compute assets.

For Exaion, the deal accelerates capital access and partner networks, while for MARA it widens addressable markets beyond token mining into sovereign-sensitive cloud services.