Marathon to offshore up to 50% capacity: focusing on Kenya, UAE, and Paraguay

Insider sources reveal that Marathon aims to offshore as much as 50% of its production capacity over the next three years. Key targets include Kenya, the United Arab Emirates, and Paraguay, where surplus energy can drastically reduce mining expenses. Company executives emphasize that this move mitigates risks tied to fierce competition and escalating costs within the US.

Analysts estimate Marathon may invest around $500 mln in new facilities, covering both data center construction and additional hardware purchases. In Kenya, the firm intends to utilize hydro resources, while in the UAE it benefits from extensive infrastructure. Paraguay’s legislature is currently evaluating incentives to attract such investors.

Venturing into the international arena enables Marathon to diversify operations and maintain a leading role in the industry. Some market observers regard this approach as especially advantageous long term, anticipating higher mining difficulty levels in the future.