Marathon Digital signs over $80 million green energy project investment agreement with Kenya

ChainCatcher news, Bitcoin (BTC) mining company Marathon Digital (MARA) reached an agreement with the Kenyan Ministry of Energy and Petroleum on Friday to invest over $80 million in developing the energy infrastructure of the African nation. Marathon CEO Fred Thiel stated that the goal of this collaboration is "to monetize Kenya's underutilized energy and jointly develop technological projects," and this investment will be used for green data centers. The funding will include foreign investment, but the sources of the funds were not specified. The joint venture is expected to bring economic benefits to the Kenyan economy and generate revenue for the local energy industry ecosystem.