Marathon Digital enters renewable energy partnership with Kenyan gov’t
Bitcoin mining giant Marathon Digital recently announced a new partnership with Kenya’s Ministry of Energy and Petroleum (MOEP) to develop the country’s already thriving renewable energy sector.
The partnership will focus on exchanging technical knowledge and research, policy ideas, investment strategies, and the development of critical energy infrastructure.
In the wake of the newly inked collaboration, Marathon Digital CEO Fred Thiel noted the advantages of fostering such a relationship with Kenya’s Ministry of Energy and Petroleum:
“This agreement with the Ministry of Energy and Petroleum is a pivotal moment for our business as it provides us with a clear framework to pursue opportunities across the Republic of Kenya. It demonstrates the innovative approach that Kenya is taking to optimize their energy usage and to enhance their technological infrastructure.”
According to the International Trade Administration (ITA), more than 80% of Kenya’s electricity is generated through renewable energy sources.
Kenya’s renewable energy sector uses a mixture of wind, solar, hydroelectric power, and geothermal energy to provide power to the grid, with geothermal energy contributing the largest amount of power to the country’s electrical infrastructure.
The ITA also noted that Kenya is one of the world’s lowest-cost geothermal energy producers and a prime candidate for solar energy generation due to the ample amounts of sunlight the African country receives every year.
Related: Marathon Digital, Kenyan government discuss crypto policy, energy use
MOEP’s partnership with Marathon Digital marks a surprising shift for Kenya’s government, which has been exploring avenues to regulate digital assets , yet has been somewhat cautious, if not outright hostile, toward the adoption of novel blockchain and cryptocurrency projects.
After a series of recommendations from government agencies and officials, the government of Kenya banned Worldcoin from operating in the country for one year in September of 2023.
The government cited privacy concerns, a lack of transparency, and security issues with Worldcoin’s collection of biometric data as the primary drivers behind the ban.
Worldcoin may be able to resume operations in Kenya after the one-year ban has been lifted, but it must reapply and gain regulatory approval from Kenya’s Capital Markets Authority before offering its services in the country again.
Additionally, the project must complete a Data Protection Impact Assessment (DPIA), a state-administered data security workshop, before restarting its operations in Kenya.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Nike Faces $5M Lawsuit Over RTFKT NFT Shutdown
Nike sued for $5M after RTFKT’s shutdown, with NFT buyers citing heavy financial losses.Nike Hit with $5M Lawsuit Following RTFKT ShutdownNFT Buyers Cite Heavy Losses and Broken PromisesBroader Impact on the NFT Market

BlockDAG Resets to $0.0025 & Launches Buyer Battles as Solana Sees ETF Boosts & NEAR Faces Growing Downside Risks
Check out the 2025 price forecast for Near Protocol (NEAR), Solana (SOL), and BlockDAG. See how BlockDAG’s $0.0025 presale price rollback is opening new doors among top crypto coins to watch.NEAR Protocol’s 2025 Forecast: Tough Road AheadSolana’s Institutional Momentum Could Reshape Its 2025 OutlookBlockDAG Resets Presale Price & Launches Buyer Battles to Energize BuyersNew Windows Are Opening, but Timing Is Key

Whale Buys 30K ETH and 600 BTC via Wintermute OTC
A whale acquires 30K ETH and 600 BTC through Wintermute OTC, transferring over $111M in USDC today.Details of the TransactionWhat It Means for the Market

Unstaked Enters Stage 2 with a Price Surging to $0.006695 as Cronos Eyes $0.12 and Aptos Aims for $13
Explore Aptos (APT) price prediction of $13, Cronos aiming for $0.12, and why Unstaked’s $0.006695 presale could offer 27x ROI as the best long-term crypto play.Why Unstaked’s Presale Could Be the Benchmark for 2025Aptos Builds Bullish Momentum: Updated Aptos Price PredictionCronos Price Clears Key Resistance, Eyes Bigger GainsWhy Unstaked May Outperform APT and CRO

Trending news
MoreCrypto prices
More








