Mara Holdings (Mara) makes a surprise pivot of his bitcoin
Mining Roots, announcing Monday Monday that he acquired a 64% stake in Exion, high performance information (HPC) The subsidiary of the French EDF energy giant, the HC Wainwright broker, said in a research report on Tuesday.
While Mara has long launched the idea of helping electricity companies to balance grid charges, HC Wainwright analyst Kevin Dede, said he was expecting what remains in a mining strategy, and not a direct dive in HPC constructions.
But with the events of Bitcoin’s rambling in 2028 and 2032, and artificial intelligence (AI) Request for the conduct of premium yields on the computing power, Mara bets that HPC offers stronger margins than mining, wrote the analyst.
Mara is the last Bitcoin operating company to be pivoted at AI and HPC. Scientific core (Corz) was the first at the party last June, when he announced a 12 -year agreement with the cloud supplier Ai Coreweave (CRWV). The company of AI agreed to buy Corz last month in an agreement with all actions.
The HPC pivot also positions Mara in the sovereign services of Cloud Ai, a niche where the data remain private and separated behind corporate firewalls, but where the scaling requires deep networking and a calculation of expertise, according to the report.
HC Wainwright said that acquisition is an intelligent entry into HPC, giving Mara credibility that it might not realize alone. The broker reiterated his purchase rating on shares with a price target of $ 28. The shares increased by 0.6%, merchant about $ 15.76 at the time of publication.
Although Mara’s evaluation was supported by the recent Bitcoin rally, the adoption of the Treasury and the entries fueled by the Stock Exchange Fund, risks remain. These range from the volatility of BTC prices and the network difficulty of capital dilution and operational challenges of the development of the data center, added the report.
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