MARA Accused of Hiding Bitcoin Mining Project in Exaion Acquisition
MARA's acquisition of Exaion has raised questions about the company's true intentions. According to a lawsuit filed in New York, MARA hid its Bitcoin mining project from French authorities. The project was part of the initial negotiations, but public communications focused on artificial intelligence and high-performance computing.
The plaintiffs demand 11.32 million euros in fees from MARA, which they claim is owed for their work in developing the company's presence in France. The lawsuit also alleges that Fred Thiel asked François Garcin to downplay the importance of Bitcoin mining to convince French officials it was not a 'Trojan horse.'
The case has sparked a debate about the conditions under which foreign investments related to BTC are presented and assessed in France.