Marathon Digital’s $80 million investment in Kenya aims to enhance renewable energy resources, paving the way for a more sustainable approach to Bitcoin mining.
Marathon Digital Holdings has entered into an $80 million agreement with Kenya’s Ministry of Energy and Petroleum to advance the country’s renewable energy infrastructure. This strategic partnership aligns with Marathon’s broader plan to diversify its operations in response to increasing Bitcoin mining difficulty.
Under the agreement, Marathon Digital will invest in developing renewable energy data centers in Kenya, a country known for its substantial renewable energy capacity. Kenya’s energy grid is approximately 80% renewable, relying on wind, solar, hydroelectric, and geothermal sources, with geothermal energy being the predominant contributor.
This investment marks a significant milestone for Marathon Digital as it expands its mining operations globally. The initiative is expected to enhance Marathon’s sustainability efforts and contribute to the future of environmentally-friendly Bitcoin mining. Crypto environmentalist Daniel Batten lauded the partnership, highlighting it as a promising model for future Bitcoin mining activities.
