Marathon Digital enters agreement with Ministry of Energy and Petroleum of Kenya

Marathon Digital Holdings has entered into an agreement with the Ministry of Energy and Petroleum of the Republic of Kenya to support the utilization of energy and to optimize renewable energy projects across the Republic of Kenya. The partnership underscores Marathon’s commitment to supporting the sustainable growth of the energy sector and is part of the Company’s broader strategy to diversify its operations globally. Under the terms of the agreement, MOEP and Marathon will exchange policy, scientific, and technical information, as well as project investment expertise, to better understand how to optimize renewable energy projects that produce surplus energy due to intermittency and seasonal variations. A Joint Steering Committee will be established that will be staffed by both MOEP and Marathon senior officials to ensure the development and implementation of these energy related projects across the country. 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.