Mara Holdings (Mara) He is making a surprise pivot of his bitcoin
Roots Mining, announcing Monday night that will acquire a 64% participation in Exaion, high performance computing (HPC) Subsidiary of the French energy giant EDF, the HC Wainwright corridor said in a research report on Tuesday.
While Mara has long presented the idea of helping electrical companies to balance the network loads, HC Wainwright analyst Kevin Dede, said she expected it to remain within a mining centered strategy, not a direct fall in HPC buildings.
But with the events of half of Bitcoin that are coming in 2028 and 2032, and artificial intelligence (AI) Demand Driving Premium returns in the power of calculation, Mara is betting on HPC offers stronger margins than mining alone, the analyst wrote.
Mara is the latest Bitcoin mining company in Pivot to AI and HPC. Core scientist (Corz) He was the first at the party last June, when he announced a 12 -year contract with the coreweave cloud supplier (CRWV). The company of AI agreed to buy Corz last month in an agreement of any shared.
The HPC pivot also positions Mara in the sovereign services of AI in the cloud, a niche where the data remains private and segregated behind corporate firewalls, but where the scale requires an experience of deep networks and calculations, according to the report.
HC Wainwright said the acquisition is an intelligent entry in HPC, giving credibility to Mara that might not achieve on its own. The corridor reiterated its purchase rating in the shares with an objective price of $ 28. The shares were 0.6% higher, quoting around $ 15.76 at the time of publication.
While Mara’s assessment has been promoted by the recent Bitcoin concentrate, the adoption of the treasure and tickets with funds quoted in exchange, the risks remain. These range from the volatility of BTC prices and the difficulty of the network to capital dilution and the operational challenges of the development of the data center, the report added.
Read more: Mara, head of almost $ 6B BTC, raises $ 950 million to buy more bitcoins
