NAIROBI, Kenya—Marathon Digital Holdings (MARA), a leading Bitcoin mining company, has announced a major partnership with Kenya’s Ministry of Energy and Petroleum. Last Friday’s deal means they will spend over $80 million to improve Kenya’s clean energy work. This will help the country use energy that doesn’t hurt our planet.

____________________________________________________

• Marathon Digital is putting $80 million into Kenya’s clean energy projects.
• They want to use energy that’s not being used much and create eco-friendly places for computers.
• The teamwork will make Kenya’s clean energy even better and help its economy grow.

______________________________________________________________________

Marathon Digital Signs $80M Green Energy Deal with Kenya

The team planned to find ways to earn money from unused energy sources in Kenya and see how technology could improve things for everyone. Fred Thiel, the big boss of Marathon Digital, talked about this in a news announcement on their website. They shared on social media that they mainly want to use the money to build green, earth-friendly places for computers to work and use a lot of renewable energy found in Kenya, as reported by NTV News online. They’re looking to get money from other countries to help out, but they haven’t said which countries yet.

The company’s press release states that Marathon Digital’s venture is tipped to bring economic benefits to Kenya and earn incomes for the local energy sector ecosystem, with projected foreign investments of over $80 million.

After Marathon had meetings with folks from Kenya about improving green energy projects, including ideas on rules for digital money, they made this cool team-up. Right now, Kenya gets 80% of its power from green sources like the Earth’s heat, waterfalls, wind, and sunshine, and they want to hit 100% by 2030. The country uses power from the heat under the Earth, water moving fast, air blowing, and light from the sun. But, if we only use green energy like air and sun for our electricity needs, we’ve got to make sure we have all the new stuff built to keep our power going strong all the time.

With the new deal, Marathon Digital and the people who make the rules in Kenya will team up to maximize clean energy projects, especially those that produce extra energy at different times of the year. They plan to develop cool ways to store energy and smart systems to share power as best as possible.

The partnership also aims to boost job creation in Kenya and promote technological progress across various sectors. This can best be achieved through investment in green data centers and energy management systems, which will, on the one hand, help meet the country’s power demands and, on the other hand, ensure that Africa retains its status as a global technological epicenter.

After the big news, the value of Marathon Digital’s shares increased by 6% to about $21. This was even better than Bitcoin’s (BTC) increase of 1% simultaneously. Kenya uses different kinds of clean energy, like heat from the earth, moving water, wind, and sunlight. Recently, people from Marathon had a meeting with officials from Kenya. They talked about how to make using clean energy better in the country and about rules for digital money. People who put their money into this are happy and think it’s a good move.

Join our newsletter to get cool emails about Bitcoin, solar power, and awesome science discoveries. You should totally sign up with us!