Exaion to build its own capacity in Europe and Canada
Company: Marathon Digital
The claim, verbatim
Thiel said Exaion's build plan does not depend on MARA developing U.S. sites and is based on Exaion building its own capacity in Europe and Canada.
Source (primary)
[MARA Holdings Q3 2026 Earnings Call] MARA Posts $632M Net Income Despite 35% Revenue Drop, Unveils $500M Buyback and $1.1B Bitcoin Sale to Slash Debt 37% - BigGo Finance (-, news_article)
View cached copy (2026-11-10)Live source ↗Archive.org ↗
Quote: “This is really predicated on them building capacity on their own in Europe and in Canada.”
How we checked this
Checked on November 11, 2026. The cited source supports every part of this claim.
The article directly quotes Thiel making both points about Exaion's build plan.
Confirmed in the source:
- Thiel said Exaion's build plan is not predicated on MARA developing anything in the U.S. for Exaion
- Thiel said the plan is predicated on Exaion building its own capacity in Europe and Canada
What we did: Read our cached copy of the publisher (https://finance.biggo.com/news/US_MARA_2026-11-09) in full (12,616 characters, retrieved November 10, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms [MARA Holdings Q3 2026 Earnings Call] MARA Posts $632M Net Income Despite 35% Revenue Drop, Unveils $500M Buyback and $1.1B Bitcoin Sale to Slash Debt 37% - BigGo Finance
Quote: “This is really predicated on them building capacity on their own in Europe and in Canada.”