Kenya and Marathon Digital Holdings: A partnership for Bitcoin mining and technology development
Kenya has entered into an agreement with Marathon Digital Holdings to use the country's untapped energy resources for Bitcoin mining and technology development. This move, highlighted by Marathon's CEO Fred Thiel, aims to transform Kenya's abundant yet largely untapped geothermal energy into a lucrative asset while improving the country's technological infrastructure.
Kenya's President confirms cooperation for economic growth and energy efficiency
The collaboration, rooted in a shared vision of economic growth and energy efficiency, was recently confirmed by Kenya's President William Ruto. The government's discussions with Marathon on the details of the mining operations include coordination with Kenya's National Treasury and the Ministry of Energy. By diverting excess geothermal energy, which distinguishes Kenya as a leading African producer, to cryptocurrency mining, the country aims to strengthen its economy, create jobs and develop further as a sustainable energy and technology leader.
Kenya pursues global empowerment and impact on development and trade
In launching the partnership, President Ruto stressed Kenya's commitment to harness its energy resources to strengthen its economic and technological position on the global stage, with the aim of creating ripple effects in regional development and international trade relations.
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