{"id":13826,"date":"2024-05-27T11:24:00","date_gmt":"2024-05-27T08:24:00","guid":{"rendered":"https:\/\/forklog.com\/en\/marathon-to-invest-80-million-in-green-bitcoin-mining-in-kenya\/"},"modified":"2024-05-27T11:24:00","modified_gmt":"2024-05-27T08:24:00","slug":"marathon-to-invest-80-million-in-green-bitcoin-mining-in-kenya","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/marathon-to-invest-80-million-in-green-bitcoin-mining-in-kenya\/","title":{"rendered":"Marathon to Invest $80 Million in Green Bitcoin Mining in Kenya"},"content":{"rendered":"<p>Mining firm Marathon Digital Holdings has reached an agreement with the Ministry of Energy and Petroleum of the Republic of Kenya to establish data centers utilizing renewable energy sources.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">During President <a href=\"https:\/\/twitter.com\/WilliamsRuto?ref_src=twsrc%5Etfw\">@WilliamsRuto<\/a>\u2019s State Visit to the US, we entered into an agreement with <a href=\"https:\/\/twitter.com\/EnergyMinK?ref_src=twsrc%5Etfw\">@EnergyMinK<\/a> to invest over $80 million in establishing green data centers to boost renewable energy utilization and optimization in the Republic of Kenya. ????? <a href=\"https:\/\/t.co\/TfyanEdJwW\">pic.twitter.com\/TfyanEdJwW<\/a><\/p>\n<p>\u2014 MARA (@MarathonDH) <a href=\"https:\/\/twitter.com\/MarathonDH\/status\/1794026499743568037?ref_src=twsrc%5Etfw\">May 24, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The proposed investment amounts to $80 million.<\/p>\n<p>The <a href=\"https:\/\/ir.mara.com\/news-events\/press-releases\/detail\/1358\/marathon-digital-holdings-enters-into-agreement-with-the\">agreement<\/a> outlines Marathon&#8217;s involvement in the &#8220;optimization of renewable energy projects&#8221; across Kenya. One focus will be to smooth out seasonal fluctuations in green electricity production. <\/p>\n<p>The parties will establish a joint committee to facilitate the exchange of political, scientific, and technical information, as well as investment experience. This body aims to ensure the &#8220;development and implementation of energy projects throughout the country.&#8221;<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;While Marathon has already successfully established operations in the UAE and Paraguay, this agreement marks the first direct collaboration with a government to enhance energy infrastructure,&#8221; stated the company&#8217;s managing director for the <span data-descr=\"Europe, Middle East, and Africa\" class=\"old_tooltip\">EMEA<\/span> region, Manoj Narender Madnani.<\/p>\n<\/blockquote>\n<p>Back in February, Marathon&#8217;s Vice President Charlie Schumacher hinted at the firm&#8217;s potential <a href=\"https:\/\/forklog.com\/en\/news\/marathon-digital-eyes-african-expansion-for-bitcoin-mining\">expansion into Africa<\/a>.<\/p>\n<p>Experts have <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-halving-may-drive-us-miners-to-africa\">predicted a shift<\/a> to the continent following the halving of outdated Bitcoin miners from the US, where they will become unprofitable.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mining firm Marathon Digital Holdings has reached an agreement with the Ministry of Energy and Petroleum of the Republic of Kenya to establish data centers utilizing renewable energy sources. During President @WilliamsRuto\u2019s State Visit to the US, we entered into an agreement with @EnergyMinK to invest over $80 million in establishing green data centers to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":13825,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[284,1137,124,1185],"class_list":["post-13826","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-africa","tag-cryptocurrency-mining","tag-kenya","tag-marathon-digital-holdings"],"aioseo_notices":[],"amp_enabled":true,"views":"52","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/13826","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=13826"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/13826\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/13825"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=13826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=13826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=13826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}