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Chronicles

The story behind the story

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A look at Block-funded Gridless, which operates bitcoin mines in Kenya, Malawi, and Zambia, powered through solar power and wasted energy from a geothermal site

CNBC MacKenzie Sigalos

Context & Ripple Effects

Gridless extends a documented model in which bitcoin mining is paired with locally available generation: Congo’s Virunga park previously used a hydro-powered mine to support park operations and infrastructure. The distinction here is Block’s backing and operations across several countries, rather than a single site.

The project also gives practical expression to Block’s earlier push for a more distributed and efficient mining system. Its significance is less the mining hardware itself than whether flexible computing demand can improve the economics of small-scale power assets.

First-order effects

  • Gridless becomes an immediate buyer for electricity from solar generation and otherwise unused geothermal energy at its Kenyan, Malawian, and Zambian sites, while Block gains a real-world deployment for its mining strategy.
  • Where the projects share or expand local supply as described, nearby households and rural electrification efforts can benefit alongside the mines; the outcome depends on site-level power availability and operating economics.

Second-order effects

  • Power developers serving remote or underutilized generation gain a potential anchor customer that can consume electricity before conventional demand fully develops, strengthening the case for similar projects.
  • The contrast with a restarted fossil-fuel plant used for crypto mining sharpens scrutiny of mining’s power source: operators seeking capital or local support have stronger incentives to demonstrate renewable supply and local grid benefits.

Third-order effects

  • If such projects prove durable, bitcoin mining could increasingly be treated as flexible, location-specific industrial demand rather than only a load competing for established grids.
  • That shift would make mining economics more intertwined with energy-infrastructure finance and community outcomes, while leaving policymakers to distinguish projects using surplus local generation from those that strain shared power systems.

The trend: Bitcoin mining is becoming a test case for whether flexible computing loads can underwrite distributed energy infrastructure without shifting grid costs onto other users.

Discussion

  • @cnbc @cnbc on x
    CNBC's @KenzieSigalos reports from just outside Nairobi, Kenya, on Gridless, a company that's using clean energy sources to power bitcoin mines that don't need to rely on the local power grid. Watch the full video here: https://www.cnbc.com/... [video]
  • @kenziesigalos MacKenzie Sigalos on x
    Decentralization is a key feature of #bitcoin bcs it means the network isn't controlled by any entity & can't be shut down, even if a govt disapproves. This volcanic-powered 500kw mine is a perfect example of how Gridless is helping to fortify the network: https://www.cnbc.com/..…
  • @jeromebailly Jérôme Bailly on x
    I'm just back from Kenya. Impressed by this #Bitcoin mining project making renewables energy economically viable and powering thousands of households @whiteafrican @GridlessCompute Also use cases of crypto are so obvious there, solving remittances issues https://www.cnbc.com/...
  • r/UpliftingNews r on reddit
    How a Jack Dorsey-backed bitcoin miner uses a volcano in Kenya to turn on the lights in rural homes