Gridless, a Bitcoin mining company based in Kenya, reportedly announced that it had raised $2 million in a seed investment round led by Block, a digital payment company, and Stillmark, a bitcoin venture capital company.
Three of the five projects that Gridless and the African hydroelectric energy company HydroBox started in rural Kenya are already up and running.
Erik Hersman, the CEO of Gridless, said that the money will be used to spread bitcoin mining to more African markets. He went on to say:
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Africa needs electricity that is cheap. Our work to help developers of renewable energy mini-grids fills a need. It helps developers grow faster, be more environmentally friendly, and serve thousands of homes. Because of this investment and the high quality of the partners who are joining us, we can speed up…
The post-Stillmark and Block Lead a $2 Million Investment in Gridless, which was first posted on Coin Edition,
