Inside France’s strict rules for selling majority stake of its state energy cloud to U.S. bitcoin miner

The French government imposed conditions, including a 10% stake by NJJ Capital, to address national interest concerns.

What to know:

MARA Holdings acquired a 64% stake in Exaion, a high-performance computing infrastructure subsidiary of EDF, for $168 million.

The French government imposed conditions, including a 10% stake for NJJ Capital, to address national-interest concerns.

The deal required a French investor to step in, which was NJJ, and EDF will keep a minority stake and continue as an Exaion client.