MARA Holdings (MARA) is unexpectedly shifting focus from bitcoin mining, announcing its plan to acquire a 64% stake in Exaion, a high-performance computing (HPC) subsidiary of the French energy conglomerate EDF. This move was detailed in a recent report by broker H.C. Wainwright.
What You Need to Know:
- MARA is aiming to expand into the $169 billion trusted cloud infrastructure market through this acquisition.
- H.C. Wainwright, which has maintained an outperformance rating on MARA stock, has set a $28 price target, indicating anticipated stronger margins from HPC.
- Analyst Kevin Dede has pointed out that this pivot indicates MARA’s desire to boost profitability prior to upcoming bitcoin halving events in 2028 and 2032.
Recent Trends:
While MOOCs often discussed balancing loads for power companies, the analyst does contemplate that this latest decision marks more than a strategic enhancement; it represents a measurable leap toward HPC development.
MARA’s shift toward HPC and its £28 price target reflect evolving priorities among investors, driven by an increasing demand for AI and computational power. This acquisition could represent a significant catalyst for the company’s growth, potentially moving beyond the mining-centric strategies of the past.
