{"id":21254,"date":"2024-05-25T14:00:23","date_gmt":"2024-05-25T11:00:23","guid":{"rendered":"https:\/\/coinengineer.io\/?p=21254"},"modified":"2024-05-25T12:04:24","modified_gmt":"2024-05-25T09:04:24","slug":"marathon-digital-partners-with-kenya-to-transform-renewable-energy-sector","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/marathon-digital-partners-with-kenya-to-transform-renewable-energy-sector\/","title":{"rendered":"Marathon Digital Partners with Kenya to Transform Renewable Energy Sector"},"content":{"rendered":"<p>Amidst growing demand for Bitcoin mining farms and data centers,<strong> Marathon Digital , a global Bitcoin mining firm<\/strong> has signed a partnership deal with the <strong>Kenya Ministry of Energy and Petroleum (MOEP).<\/strong> The idea behind this partnership is the desire to bring fruitful changes into the Kenyan renewable energy industry with the help of Marathon Digital.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/marathon-digital-partners-with-kenya-to-transform-renewable-energy-sector\/#Focus_on_Knowledge_Exchange_and_Infrastructure_Development\" title=\"Focus on Knowledge Exchange and Infrastructure Development\">Focus on Knowledge Exchange and Infrastructure Development<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/marathon-digital-partners-with-kenya-to-transform-renewable-energy-sector\/#Kenyas_Evolving_Stance_on_Digital_Assets\" title=\"Kenya&#8217;s Evolving Stance on Digital Assets\">Kenya&#8217;s Evolving Stance on Digital Assets<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Focus_on_Knowledge_Exchange_and_Infrastructure_Development\"><\/span>Focus on Knowledge Exchange and Infrastructure Development<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Marathon Digital<\/strong> is entering the partnership with MOEP which will focus of sharing technical expertise, information, policy recommendations, funding models for investment, and required energy assets. Marathon Digital CEO Fred Thiel highlighted the significance of this agreement, stating:<\/p>\n<p>\u201cThis is largely a landmark agreement because it allows us to chart a clear course forward for our enterprise in the Republic of Kenya with regards to the Ministry of Energy and Petroleum. The new framework is a prime example of utilizing advanced technology to best meet the Republic of Kenya\u2019s energy consumption demands while introducing innovative policies.\u201d<\/p>\n<p>In a recent report, ITA noted that renewable electricity generation in Kenya has registered a figure of more than eighty percent, mainly through wind, solar, hydroelectric power and geothermal energy. Among these renewable resources, geothermal energy ranks high and supplies the highest portion of electricity to Kenya\u2019s electrical network, thus putting the nation amongst the cheapest geothermal energy producers globally.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Kenyas_Evolving_Stance_on_Digital_Assets\"><\/span>Kenya&#8217;s Evolving Stance on Digital Assets<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This is the partnership with <a href=\"https:\/\/coinengineer.net\/blog\/marathon-digital-reports-strong-q1-2024-mined-2811-bitcoin\/\">Marathon Digital<\/a> which is very progressive for Kenya\u2019s government because up until now, it has been quite reserved, if not negative, towards blockchain and cryptocurrencies projects. This restraint and judicial approach was evident in the recent ban in September 2023 by the Kenyan government which banned Worldcoin from operating in the country for one full year. The absence of moderation policies, complaints regarding Worldcoin\u2019s invasion of privacy by collecting biometric scans contributed to the ban.<\/p>\n<p>The return of Worldcoin to Kenya was conditioned by compliance with the conditions referring to the approval of the Capital Markets Authority, as well as the fulfillment of the DPIA and the data security state-organized workshop.<\/p>\n<p>Such cooperation with Marathon Digital shows that Kenya is ready to adopt process innovations; however, the government will do its best to adopt adequate legal tools to protect people and their rights. This partnership is expected to strengthen Kenya\u2019s on renewable energy and energy technology and provide future roadmap for other similar technologies within the country.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amidst growing demand for Bitcoin mining farms and data centers, Marathon Digital , a global Bitcoin mining firm has signed a partnership deal with the Kenya Ministry of Energy and Petroleum (MOEP). The idea behind this partnership is the desire to bring fruitful changes into the Kenyan renewable energy industry with the help of Marathon<\/p>\n","protected":false},"author":6,"featured_media":21255,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,1],"tags":[1757,6323,3880],"class_list":["post-21254","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-genel","tag-kenya","tag-kenya-ministry-of-energy-and-petroleum-moep","tag-marathon-digital"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Marathon Digital Partners with Kenya to Transform Renewable Energy Sector<\/title>\n<meta name=\"description\" content=\"Marathon Digital partners with Kenya&#039;s Ministry of Energy to advance renewable energy. 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