MARA Holdings increased its Bitcoin holdings to 52,477 BTC in August and is expanding into AI by acquiring a stake in EDF's Exaion.

August Bitcoin Production and Holdings

MARA Holdings, Inc. (NASDAQ: MARA) mined 705 BTC in August, bringing its total holdings to 52,477 BTC as of August 31. The company chose not to sell any BTC during the month, strategically increasing its treasury amid declining Bitcoin prices. Daily production averaged 22.7 BTC, and the company maintained a 4.9% share of available miner rewards. Transaction fees represented 0.8% of MARA's total mining rewards, down from 1.1% in July. MARA's energized hashrate grew 1% to 59.4 EH/s.

Strategic Expansion into AI with Exaion Acquisition

MARA is acquiring a 64% stake in Exaion, a subsidiary of Électricité de France (EDF), for approximately $168 million. The transaction is expected to close in Q4 2025 or early 2026, pending regulatory approvals. This move marks MARA's largest expansion into the AI and high-performance computing (HPC) sectors. The partnership aims to integrate MARA's technology with Exaion's capabilities to develop solutions that reduce processing costs and enhance edge infrastructure for the growing AI economy.

European Headquarters and International Growth

MARA has established its European headquarters in Paris to support international growth. This expansion underscores MARA's commitment to forming energy partnerships that stabilize power grids and repurpose unused energy. The company aims to leverage its expertise to redefine the future of energy, developing technologies that reduce the energy demands of high-performance computing applications, from AI to the edge.

Market Implications and Strategic Positioning

MARA's strategic diversification into AI and HPC reflects a response to increasing challenges in the Bitcoin mining industry. The acquisition of Exaion allows MARA to enhance its return on capital employed while reducing operating costs and mitigating shareholder dilution. By integrating its technology stack with Exaion, MARA aims to lower the cost of processing and secure the edge infrastructure that will support the growing AI economy. The company's focus on energy partnerships and sustainable growth positions it to capitalize on the increasing institutional interest in cryptocurrency mining and the demand for blockchain applications.