Kenya partners with Bitcoin miner, Marathon Digital Holdings, to utilize the country's underused energy resources for Bitcoin mining. This collaboration was announced by Marathon's CEO, Fred Thiel.

The goal is to harness Kenya's abundant geothermal energy, which is currently underutilized, and monetize it through cryptocurrency mining.

By monetizing surplus energy, Kenya can generate additional revenue, which can be invested in other areas of the economy.

The development of Bitcoin mining operations can create new job opportunities in the tech and energy sectors. Utilizing excess energy for mining can promote more efficient use of Kenya's energy resources, reducing waste and optimizing production.

The partnership is part of Marathon's strategy to diversify its global operations and support the sustainable growth of the energy sector. A Joint Steering Committee will be established, staffed by senior officials from both the Ministry of Energy and Petroleum of the Republic of Kenya MOEP and Marathon, to oversee the development and implementation of the projects.

The partnership is expected to bring in foreign investments exceeding $80 million, generating substantial economic benefits for Kenya.