France Puts MARA’s $168M Purchase of EDF Unit on Hold: AFP (1)

(Updates with comments from EDF)

France’s finance ministry says it has asked Electricite de France to put on hold bitcoin miner MARA’s planned acquisition of a majority stake in its Exaion unit over potential sovereignty concerns, Agence France-Presse reports, citing ministry.

• Finance ministry tells AFP it has asked state-owned EDF to “reopen” the file and “reexamine” the matter; adds that “the case isn’t closed”
• “It’s as if we were suspending the procedure with Mara while we take time to reconsider,” finance ministry says
• Finance ministry says Exaion doesn’t have strategic or sovereign operations “but it does develop technologies that ...