Exaion option to increase stake to 75%
Company: Marathon Digital
The claim, verbatim
MARA has the option to invest approximately $127 million more for an additional 11% of Exaion, raising its stake to up to 75% by 2027, contingent on certain milestones being met.
Source (primary)
marathon-digital 8-K exhibit (ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-07)Live source ↗
Quote: “The agreement provides MARA the option to increase its ownership in Exaion up to 75% by 2027.”
How we checked this
Checked on October 9, 2026. The cited source supports every part of this claim.
The release says MARA may increase its stake up to 75% by 2027 and may invest about $127 million more for an additional 11%, contingent on certain milestones.
Confirmed in the source:
- MARA has the option to invest approximately $127 million more to acquire an additional 11% of Exaion
- The agreement gives MARA the option to increase its ownership in Exaion up to 75% by 2027
- The additional investment is contingent upon certain milestones being met
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1507605/000164117225023015/ex99-1.htm) in full (8,415 characters, retrieved October 7, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms marathon-digital 8-K exhibit (ex99-1.htm)
Quote: “The agreement provides MARA the option to increase its ownership in Exaion up to 75% by 2027.”