Kenya Signs $80 Million Deal with Marathon Digital for Green Data Centers, Bitcoin Mining

May 24, 2024, 04:03 PM

Kenya has signed a historic agreement with Bitcoin miner Marathon Digital Holdings to monetize underutilized energy and optimize renewable energy across the country. The deal, valued at over $80 million, was finalized during President William Ruto’s state visit to the US. Marathon Digital will invest in establishing green data centers and developing technology projects in collaboration with Kenya's Ministry of Energy. This partnership aims to boost the country's energy sector and foster economic growth by utilizing renewable and hydro-powered electricity for Bitcoin mining. Additionally, the investment will aid in developing digital infrastructure and help Marathon Digital geographically diversify its hashrate.