Bitcoin mining has long been seen as a form of energy intensive process. According to a Bloomberg report, some studies estimate that the annual energy consumption involved in mining exceeded the amount used by countries such as Belgium. 

But did you know, one startup called Gridless is taking advantage of this energy intensive process to unlock cheaper and more sustainable sources of energy in Africa?

Here’s how it works. Africa is a haven for renewable energy but a lot of it has not been harnessed due to the costs involved in building the infrastructure needed to make them usable. 

With Bitcoin miners looking to find ways to access energy at lower costs to create new tokens, Gridless is co-locating miners with renewable sources to create a financial incentive for renewable power production in Africa. 

On Market View, Prime Time’s finance presenter Chua Tian Tian spoke with Erik Hersman, Co-founder and CEO of Gridless on the road ahead for the business.

Bitcoin mining has long been seen as a form of energy intensive process. According to a Bloomberg report, some studies estimate that the annual energy consumption involved in mining exceeded the amount used by countries such as Belgium. 
But did you know, one startup called Gridless is taking advantage of this energy intensive process to unlock cheaper and more sustainable sources of energy in Africa?
Here’s how it works. Africa is a haven for renewable energy but a lot of it has not been harnessed due to the costs involved in building the infrastructure needed to make them usable. 
With Bitcoin miners looking to find ways to access energy at lower costs to create new tokens, Gridless is co-locating miners with renewable sources to create a financial incentive for renewable power production in Africa. 
On Market View, Prime Time’s finance presenter Chua Tian Tian spoke with Erik Hersman, Co-founder and CEO of Gridless on the road ahead for the business.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters with Hongbin Jeong and Chua Tian Tian

Money Matters with Hongbin Jeong and Chua Tian Tian (4pm - 7pm)

Market View: Conversation with Gridless CEO Erik Hersman -  using bitcoin mining to unlock renewable energy in Africa, benefits for rural communities, Seed investment from Jack Dorsey’s Block

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