Exaion majority stake acquisition
Company: Marathon Digital
The claim, verbatim
Agreed to acquire approximately 64% ownership interest in Exaion for approximately $168.0 million, with an option to increase ownership to 75% by 2027, expected to close after receiving regulatory approvals anticipated in Q4 2025.
Source (primary)
marathon-digital 8-K exhibit (q325shareholderletter.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-27)Live source ↗
Quote: “In August, MARA signed an agreement to acquire a stake of approximately 64% in Exaion... The transaction and capital injection, valued at approximately $168.0 million, includes an option to increase MARA's ownership to 75% by 2027 and is expected to close shortly after receiving regulatory approvals that we expect to receive in Q4.”
How we checked this
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Additional evidence
confirms marathon-digital 8-K exhibit (q325shareholderletter.htm)
Quote: “In August, MARA signed an agreement to acquire a stake of approximately 64% in Exaion... The transaction and capital injection, valued at approximately $168.0 million, includes an option to increase MARA's ownership to 75% by 2027 and is expected to close shortly after receiving regulatory approvals that we expect to receive in Q4.”