% 4.48
BTC Dominance:
% 0.13
Market Cap:
$2.44 T
% 3.67
Fear & Greed:
74 / 100
$ 69.856
BTC Dominance:
% 54.4
Market Cap:
$2.44 T

Bitcoin Miner Marathon Digital Forms Partnership with Kenya

Marathon Digital

Marathon Digital Holdings is partnering with Kenya’s Ministry of Energy and Petroleum (MOEP) on a number of renewable energy projects.

Bitcoin mining firm Marathon Digital Holdings has partnered with Kenya’s Ministry of Energy and Petroleum to work on several renewable energy projects.

Under the agreement, Marathon Digital and MOEP will develop a number of bitcoin-based renewable energy projects in Kenya. To facilitate these efforts, the two groups will establish a committee to develop and implement energy-related projects in the African country, according to a joint statement.

“This agreement is a significant milestone for our business as our collaboration with the Ministry of Energy and Petroleum provides us with a clear framework to evaluate opportunities across the Republic of Kenya,” Marathon Digital CEO Fred Thiel said in a statement Friday.

The use of Bitcoin mining as a renewable energy source is increasingly attracting the attention of leaders in developing countries because it has the capacity to produce energy year-round. However, critics of this practice argue that bitcoin mining is a business that consumes too much energy and is not yet mature enough as a renewable energy source.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

Rate this post
READ:  Bitcoin mining shares fell more than 27%!

Leave a Reply

Your email address will not be published. Required fields are marked *