MARA Holdings has acquired a 64% stake in French computing firm Exaion, marking a strategic shift from Bitcoin mining to artificial intelligence and cloud infrastructure. The $168 million deal, completed after regulatory approval, grants MARA majority control of Exaion, allowing it to leverage secure cloud and high-performance computing capabilities in France. This acquisition comes as MARA seeks to diversify its revenue streams amid rising Bitcoin mining difficulties and reduced margins. By integrating Exaion's AI infrastructure, MARA aims to combine its expertise in energy management with data center operations, positioning itself as a key player in the AI and secure cloud sectors. The governance structure of Exaion will now include board members from MARA, EDF Pulse Ventures, and NJJ Capital, ensuring collaborative oversight and strategic alignment.