Bitcoin (BTC) mining company Marathon Digital (MARA) struck a deal Friday with the Ministry of Energy and Petroleum of Kenya to develop the African country’s energy infrastructure with over $80 million in investments.
The aim of the partnership is “monetizing underutilized energy across Kenya and jointly developing technology projects,” Marathon chief executive officer Fred Thiel said.
In a social media post, the company said that the investment will be in green data centers. Marathon also noted in a press release that the capital will include foreign investments without specifying sources of funds. “With projected foreign investments expected to exceed $80 million, this venture is poised to deliver economic benefits to the Kenyan economy and generate revenue for the local energy sector ecosystem,” according to the statement.
The partnership comes as Marathon held talks earlier this month with the nation to help manage its renewable energy operation and advise on its digital asset regulatory regime.
Renewable …