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<p>Kenya has recently signed a partnership agreement with Marathon Digital Holdings to utilize the excess power to support Bitcoin mining and technology in the country. Fred Thiel, the CEO of Marathon Digital Holdings said this when he was releasing details of the partnership, citing the fact that Kenya had embraced the development of digital currency following the success of the M-PESA mobile money service.<br></p> 
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   Source: <a href="https://x.com/fgthiel/status/1794022613901017252" target="_blank" rel="noreferrer noopener">Thiel on X</a>
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<p>This power will be utilized to mine Bitcoins by Marathon Digital Holdings where the company <a href="https://ir.mara.com/news-events/press-releases/detail/1358/marathon-digital-holdings-enters-into-agreement-with-the" target="_blank" rel="noreferrer noopener">believes</a> it will earn more revenues and save energy.</p> 
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   <p lang="en" dir="ltr">Kenya has a special spot in the history of digital currencies as it is the home of M-PESA, which in 2007 was one of the first ways for people in Kenya and now across Africa to transmit value digitally by using mobile phone credits. Today tens of millions of people across Africa…</p>— Fred Thiel (@fgthiel) <a href="https://twitter.com/fgthiel/status/1794027089705787543?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">May 24, 2024</a>
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<p>President William Ruto acknowledged the partnership and thanked Marathon for consultations with Kenya’s National Treasury and Ministry of Energy. This initiative involves using energy for mining and includes cooperative efforts for advancing technology and infrastructure in Kenya.</p> 
<p>President Ruto stressed its potential economic impacts and remarked, “Kenya means business. If Kenya efficiently utilizes surplus energy, it can generate economic gains, create more jobs, and lead in sustainable energy and technology.</p> 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 <p><strong>Also read: </strong><a href="https://www.cryptotimes.io/2024/04/10/bluestonemining-new-energy-cloud-mining/" target="_blank" rel="noreferrer noopener">BluestoneMining new energy cloud mining offers a viable and greener future for BTC mining</a>&nbsp;</p> 
</blockquote>

Kenya Partners with Marathon Digital for BTC Mining and Energy Utilization

The Crypto Times

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