Gridless, a bitcoin mining firm backed by Jack Dorsey, utilizes excess power from its Kenya mine near an extinct volcano to power 5,000 households.

Jack Dorsey-backed Gridless, a bitcoin mining firm, operates mines in Kenya, Malawi, and Zambia. Their Kenya mine near an extinct volcano has powered 5,000 households. CEO Erik Hersman told CNBC that excess power produced during the day or night, which often goes unused, is utilized by Gridless' mining operations. The mining container, powered by the volcanic energy, is located near Lake Naivasha.

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