Marathon Digital, a top Bitcoin miner, has teamed up with Kenyan officials to expand the renewable energy industry in the country, which is currently booming.
As per the terms of the agreement, the parties involved will work together to build essential energy infrastructure, share technical expertise, and devise investment strategies.
Our business has reached a turning point with the agreement with the Kenyan Ministry of Energy and Petroleum. This agreement allows us to implement our plans in the country.
According to Marathon Digital CEO Fred Thiel, this highlights Kenya’s forward-thinking strategy for enhancing its technological infrastructure and optimizing energy consumption.
The Kenyan government is still hesitant to bring crypto and blockchain projects to the region, even though both parties anticipate great things from working together. For instance, Worldcoin, which acquired and maintained biometric data of Kenyans, was outlawed by the government in September 2023.