TechFlow news — Bitcoin mining company Marathon Digital (MARA) has reached an agreement with Kenya's Ministry of Energy and Petroleum to invest over $80 million in developing Kenya's energy infrastructure. The collaboration aims to "monetize underutilized energy resources and jointly develop technology projects," said Marathon CEO Fred Thiel.
Marathon announced on social media that the investment will support green data centers, with expected foreign investment exceeding $80 million, bringing benefits to Kenya’s economy and local energy sector.
Earlier this month, Marathon held discussions with Kenyan officials on renewable energy management and digital asset regulation. Renewable energy is Kenya’s primary source of electricity, accounting for 80% in 2022, with a target to reach 100% by the end of this decade. The agreement will help optimize projects that generate surplus energy due to intermittency and seasonal variations.
