European Sovereignty Monitor

Industry, investment and R&D

MARA nears 64% takeover of EDF's sovereign cloud unit Exaion

MARA France, backed by Nasdaq listed MARA Holdings, said all conditions precedent were met for it to hold 64% of Exaion, EDF Pulse Ventures' sovereign cloud and AI compute unit; EDF stays a minority shareholder and client; closing due within days, terms undisclosed.

Verified MARA Holdings Inc. press release, 20 February 2026

What it does not test. This does not establish that the acquisition has actually closed, the purchase price, or whether Exaion's operations move under US jurisdiction.

How this item counts. Towards dependence: it changes who owns. Binding 2 of 3 (agreed or funded), scale 2 of 3 (medium), Verified counts in full: weight -4 of 36 possible. Nasdaq-listed MARA nears 64% of EDF's sovereign cloud unit Exaion, deal agreed. European Sovereignty Index

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