Marathon Digital signs over $80 million investment agreement for green energy projects in Kenya
2024-05-24 18:34:52
Bitcoin (BTC) mining company Marathon Digital (MARA) reached an agreement with Kenya's Ministry of Energy and Petroleum on Friday to invest more than $80 million to develop the African nation's energy infrastructure. Marathon CEO Fred Thiel said the goal of the partnership is to "monetize Kenya's underutilized energy and jointly develop technology projects," and the investment will go towards green data centers. The funding will include foreign investment, but did not specify the source of funding. The joint venture is expected to bring economic benefits to the Kenyan economy and generate revenue for the local energy industry ecosystem.
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