KenGen is Offering Bitcoin Mining Firms Geothermal Power

KenGen, a Kenyan energy firm, has requested Bitcoin miners to relocate to the area and purchase the company’s extra renewable energy capacity. KenGen is offering bitcoin mining firms geothermal power https://t.co/sIV49h6lkT — Quartz Africa (@qzafrica) June 2, 2022 KenGen claims that renewable energy accounts for 86 percent of its energy, most of which is geothermal heat from pockets of ground source heat in the Great Rift Valley. KenGen has space at its new industrial park in Olkaria, near its flagship geothermal power station, that might be rented to Bitcoin (BTC) miners, according to local news outlet The Standard. Peketsa Mwangi, KenGen’s Acting Director of Geothermal Development, said his company was eager to welcome the miners to Kenya. “We’ll have them here because we have the space, and the power is near, which helps with stability.” Bitcoin Electricity Consumption Index According to Cambridge’s Bitcoin Electricity Consumption Index (CBECI), the eastern African nation has no known Bitcoin mining operations. However, it appears suitable for minors due to the region’s estimated potential geothermal energy capacity of 10,000 MegaWatt (MW). According to Kenyan financial news site Capital FM, KenGen is currently operating at a maximum generating capacity of 863 MW following a new geothermal power plant installation in April. KenGen may accomplish multiple aims at once by recruiting miners to the country. It has the potential...