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MARA Advances International Growth Strategy with Leadership Appointments and Regional Headquarters in Europe聽

G茅rard Mestrallet Appointed as Senior Advisor to the Company and Fran莽ois Garcin as General Manager of Europe聽

Establishes Regional Headquarters in Paris, France

Miami, FL, Aug. 25, 2025 (GLOBE NEWSWIRE) -- (NASDAQ: ) ("MARA" or the 鈥淐ompany鈥�), a leading digital energy and infrastructure company, today announced actions to further expand its presence in Europe. MARA has welcomed G茅rard Mestrallet as a Senior Advisor to MARA and appointed Fran莽ois Garcin as General Manager of Europe. The Company also announced that it has established Paris, France as its new European headquarters. The developments mark a significant milestone in MARA鈥檚 international growth strategy and position the Company at the heart of Europe鈥檚 energy ecosystem.

鈥淕茅rard鈥檚 unparalleled industry experience combined with Fran莽ois鈥檚 distinguished track record in finance and technology positions them to advance MARA鈥檚 impact in Europe,鈥� said Fred Thiel, MARA鈥檚 Chairman and CEO. 鈥淲e have exceptional leaders to accelerate our expansion in this important growth market. Looking ahead, we will continue to seek out strategic opportunities to power inference at the edge worldwide through structured joint ventures and global partnerships.鈥�

Mestrallet is a respected business leader in Europe, with a career spanning decades in the global energy and infrastructure sectors, where he served as Chairman and CEO of ENGIE for over 20 years. He serves as the Special Envoy appointed by the President of France, Emmanuel Macron, for the India-Middle East-Europe Economic Corridor and has also advised French and European governments on energy and industrial policy. Mestrallet has held board positions with Siemens, Saudi Electric Company, Saint Gobain, AXA, SocGen, Credit Agricole, was a member of the International Advisory Board of JP Morgan & Co., and was the President of Paris Europlace. Mestrallet is widely recognized for his role in shaping Europe鈥檚 energy infrastructure over the past three decades.

鈥淚 decided to join MARA as a Senior Advisor in order to help consolidate the world鈥檚 oldest and most successful strategic alliance, the alliance between the United States of America and France,鈥� said Mestrallet. 鈥淚 will help Fred Thiel and Fran莽ois Garcin align the strengths of MARA鈥檚 computing technologies with the global resources of the European energy majors, in particular in electricity generation, in the U.S., in Europe, the Middle East and Asia.鈥�

Since joining MARA in July, Garcin has been responsible for spearheading the formation of MARA France and MARA Europe and played an instrumental role in securing the Company鈥檚 recent investment agreement with Exaion. As General Manager of Europe, Garcin will oversee MARA鈥檚 European operations from the new headquarters in Paris, France and is working to establish new joint ventures with leading European energy companies. With more than 20 years of experience in finance and technology, Garcin has closed multimillion dollar deals spanning the U.S., Europe, and Asia. As founder of Argenthal Holdings, a boutique financial advisory and investment firm, he led high-profile technology investments and transactions with clients and co-investors such as JP Morgan Asset Management, Korelya Capital, and Mercato Partners, focused primarily in the AI/HPC, cybersecurity, and blockchain sectors.

鈥淚 am honored to take on this role at such a pivotal time for MARA,鈥� said Garcin. 鈥淭he convergence of AI and energy presents a tremendous opportunity in Europe. I look forward to strengthening MARA鈥檚 position as a leader in this evolving landscape, and our new European headquarters in France will serve as the foundation for this next chapter of growth.鈥�

About MARA

MARA (NASDAQ: MARA) deploys digital energy technologies to advance the world's energy systems. Harnessing the power of compute, MARA transforms excess energy into digital capital, balancing the grid and accelerating the deployment of critical infrastructure. Building on its expertise to redefine the future of energy, MARA develops technologies that reduce the energy demands of high-performance computing applications, from AI to the edge.

Investor Notice

Investing in MARA鈥檚 securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described under the heading 鈥淩isk Factors鈥� in MARA鈥檚 most recent annual report on Form 10-K and any other periodic reports that MARA may file with the U.S. Securities and Exchange Commission (the 鈥淪EC鈥�). If any of these risks were to occur, MARA鈥檚 business, financial condition or results of operations would likely suffer. In that event, the value of MARA鈥檚 securities could decline, and you could lose part or all of your investment. The risks and uncertainties MARA describes are not the only ones facing MARA. Additional risks not presently known to MARA or that MARA currently deems immaterial may also impair MARA鈥檚 business operations. In addition, MARA鈥檚 past financial performance may not be a reliable indicator of future performance, and historical trends should not be used to anticipate results in the future. See 鈥淔orward-Looking Statements鈥� below.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws. All statements, other than statements of historical fact, included in this press release are forward-looking statements. The words 鈥渕ay,鈥� 鈥渨ill,鈥� 鈥渃ould,鈥� 鈥渁nticipate,鈥� 鈥渆xpect,鈥� 鈥渋ntend,鈥� 鈥渂elieve,鈥� 鈥渃ontinue,鈥� 鈥渢arget鈥� and similar expressions or variations or negatives of these words are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Such forward-looking statements include, among other things, statements related to the ability of the parties to consummate the pending acquisition of Exaion; satisfaction of the conditions precedent to the consummation of the pending acquisition of Exaion, including the receipt of required regulatory approvals; MARA鈥檚 ability to timely and successfully achieve the anticipated benefits and potential synergies of the pending acquisition of Exiaon; and MARA鈥檚 strategy, future operations, growth opportunities and expansion into adjacent markets. Such forward-looking statements are based on management鈥檚 current expectations about future events as of the date hereof and involve many risks and uncertainties that could cause MARA鈥檚 actual results to differ materially from those expressed or implied in its forward-looking statements. Subsequent events and developments, including actual results or changes in MARA鈥檚 assumptions, may cause MARA鈥檚 views to change. MARA does not undertake to update its forward-looking statements except to the extent required by applicable law. Readers are cautioned not to place undue reliance on such forward-looking statements. All forward-looking statements included herein are expressly qualified in their entirety by these cautionary statements. MARA鈥檚 actual results and outcomes could differ materially from those included in these forward-looking statements as a result of various factors, including, but not limited to, the factors set forth under the heading 鈥淩isk Factors鈥� in MARA鈥檚 most recent annual report on Form 10-K and any other periodic reports that MARA may file with the SEC.

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