Kenyan President Invites Marathon Digital for Crypto Framework Talks

Kenyan President William Ruto has invited Bitcoin mining company Marathon Digital Holdings to discuss a cryptocurrency framework with the National Treasury and Energy Ministry. Marathon Digital will explore energy needs for crypto mining with the Energy Ministry and consult with the Treasury on cryptocurrency regulations. This move aligns with President Ruto's efforts to attract foreign investors and leverage Kenya's green energy capabilities.

Kenyan President Invites Marathon Digital for Cryptocurrency Consultations

Nairobi, Kenya - Kenyan President William Ruto has extended an invitation to Marathon Digital Holdings, a prominent Bitcoin mining company, to engage in discussions with the country's National Treasury and Energy Ministry regarding the development of a cryptocurrency framework.

During a meeting with American investors in Nairobi last week, President Ruto highlighted the need for collaboration between Marathon Digital and the Energy Ministry to address the energy requirements associated with cryptocurrency mining.

"Marathon Digital has been ushered to consult with Treasury on cryptocurrency regime and ministry of energy to discuss the energy needs in connection with the cryptocurrency mining," Ruto stated.

The President's invitation comes as Kenya seeks to harness its abundant green energy credentials to attract foreign investors and foster economic growth.

Marathon Digital Holdings, based in the United States, is a leading digital asset technology company engaged in various activities within the Bitcoin ecosystem. The company operates mining facilities across the globe and is actively involved in developing Bitcoin-related technologies such as immersion cooling, hardware, firmware, mining pools, and side chains.

The President's invitation is a significant step toward developing a regulatory framework for cryptocurrencies in Kenya. The government aims to strike a balance between fostering innovation and ensuring responsible and transparent practices within the industry.

Kenya's Minister for Investment and Trade, Rebecca Miano, was also present at the AMCHAM Business Summit where President Ruto made the announcement. She emphasized the government's commitment to creating an enabling environment for foreign investors and encouraging partnerships that leverage Kenya's abundant renewable energy sources.

Marathon Digital's expertise in Bitcoin mining and its commitment to sustainability align well with Kenya's goals. The company's operations are powered by renewable energy resources, such as wind, nuclear, geothermal, and methane gas capture.

The collaboration between Marathon Digital and the Kenyan government is expected to contribute to the sustainable development of the country's cryptocurrency sector while also strengthening US-East Africa trade relations.

About Marathon Digital Holdings

Marathon Digital Holdings is a publicly traded company (NASDAQ: MARA) and one of the largest, most energy-efficient, and most technologically advanced Bitcoin mining companies globally. The company is also one of the largest holders of Bitcoin among publicly traded companies in North America.

Marathon Digital Holdings offers its partners access to its expertise in building and scaling Bitcoin mining operations. The company collaborates with organizations possessing stranded power, energy and microgrids expertise, cutting-edge Bitcoin mining technologies, and an interest in supporting the Bitcoin network.

Additional Information

For further details on Marathon Digital Holdings, please visit:

• [Marathon Digital Investor Relations](https://ir.marathondigitalholdings.com/)
• [Twitter](https://twitter.com/MarathonDH)
• [Telegram](https://t.me/MarathonDHCommunity)