French Govt Clears EDF’s Sale of Exaion to Mara With Conditions

The French government has allowed Florida-based Bitcoin miner Mara to buy EDF’s Exaion digital services unit on condition that a French investor take a stake, according to emailed statement from Finance Ministry.

• French billionaire Xavier Niel’s NJJ Capital has agreed to take 10% stake in Mara France, according to separate statement from EDF
• Ministry says EDF, Mara agree to remove non-competition clause
  • French interests now represent “almost half” of Exaion capital, as well as five out of eight board seats
• Niel to sit on Exaion board, EDF says
  • EDF remains shareholder and client of Exaion
• NOTE: French Government Asks ...