Bitcoin (BTC) Miner Mara is advancing to HPC with most stakes in the EDF subsidiary: HC Wainwright
Mara holdings (Mara) makes a surprise pivot from its bitcoin
Mining roots, announced late Monday that it gets a 64% stake in exaion, a high -performance computing (HPC) The subsidiary of the French Energy Giant EDF, broker HC Wainwright said in a research report on Tuesday.
While Mara has long been floating in the idea of helping power companies to balance grid loads, HC Wainwright’s analyst Kevin Dede said she hopes to stay within the mining strategy, not a direct stab in HPC buildings.
But at the Bitcoin stop events that sink in 2028 and 2032, and artificial intelligence (Ai) Demand Driving Premium Returns to Compute Power, Mara will bet the HPC offers more powerful margins than mining alone, written by analysts.
Mara is the latest Bitcoin mining company to pivot the AI and HPC. Basic scientific (Corz) was first at the festival in June, when it announced a 12-year deal Includes AI Cloud Provider Coreweave (Coll). The AI company agreed to buy Corz last month in an all-share deal.
The Pivot in the HPC also positions Mara on Sovereign Cloud AI Services, a niche where data remains private and isolated behind corporate firewalls, but where scaling requires deep networking and calculates expertise, the report said.
HC Wainwright said the acquisition is a wise entry into the HPC, which gives Mara’s credibility that it will not achieve itself. The broker announced its purchase rating to shares with a $ 28 price target. Shares are 0.6% higher, trading around $ 15.76 at the time of publication.
While Mara’s appreciation has been buoyed by the recent Bitcoin rally, the adoption of the treasury, and the outflows exchanged by the funds that have been fuel, the risks will remain. These ranges from the volatility of BTC prices and network difficulty in the dilution of capital and the challenges of running data center development, the report added.
Read more: Mara, holding nearly $ 6B BTC, raises $ 950m to buy more Bitcoin
