Kenya Partners with Marathon Digital Holdings to Monetize Underutilized Energy for Bitcoin Mining
Kenya has taken a significant step towards leveraging its surplus energy for Bitcoin mining and technological development by signing a partnership deal with Marathon Digital Holdings. The announcement of this partnership was made by Marathon’s CEO, Fred Thiel, on X, marking a historic collaboration between the two entities.
Marathon Digital Holdings, a prominent Bitcoin miner, will work with Kenya to monetize the country’s underutilized energy resources. This partnership aims to harness Kenya’s abundant energy capacity, particularly in geothermal power, and turn it into a valuable resource through Bitcoin mining operations.
President William Ruto confirmed the initiation of the partnership earlier this month, highlighting the consultations between Marathon and Kenya’s National Treasury and Ministry of Energy. The collaboration not only focuses on utilizing excess energy for mining but also includes joint technology projects aimed at benefiting Kenya’s infrastructure and technological landscape.
Kenya’s geothermal energy capacity is substantial, making it one of the leading producers of geothermal power in Africa. However, a significant portion of this energy remains untapped. By partnering with Marathon Digital Holdings, Kenya seeks to generate additional revenue, promote energy efficiency, and boost its economy through the effective utilization of surplus energy.
President Ruto emphasized the potential benefits of the partnership, stating that Kenya is open for business and aims to position itself as a leader in sustainable energy and technology. The collaboration with Marathon Digital Holdings is expected to create jobs, foster economic growth, and strengthen US-East Africa trade relations.
Overall, the partnership between Kenya and Marathon Digital Holdings signifies a significant milestone in the country’s journey towards leveraging its energy resources for technological advancement and economic prosperity.
