Kenya has recently signed a partnership agreement with Marathon Digital Holdings to utilize the excess power to support Bitcoin mining and technology in the country. Fred Thiel, the CEO of Marathon Digital Holdings said this when he was releasing details of the partnership, citing the fact that Kenya had embraced the development of digital currency following the success of the M-PESA mobile money service.
This power will be utilized to mine Bitcoins by Marathon Digital Holdings where the company believes it will earn more revenues and save energy.
President William Ruto acknowledged the partnership and thanked Marathon for consultations with Kenya’s National Treasury and Ministry of Energy. This initiative involves using energy for mining and includes cooperative efforts for advancing technology and infrastructure in Kenya.
President Ruto stressed its potential economic impacts and remarked, “Kenya means business. If Kenya efficiently utilizes surplus energy, it can generate economic gains, create more jobs, and lead in sustainable energy and technology.
Also Read: Marathon Digital Reports 223% Revenue Surge in Q1 2024
