Crypto Game
  • Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News

    MicroStrategy Upsizes IPO to $1B for Bitcoin Purchase

    Trump Media Plans $12 Billion Bitcoin Investment

    Trump Media Raises $12 Billion for Bitcoin Acquisition

    Strategy Increases Stock Offering to Acquire Bitcoin

    Bitcoin Long Positions Liquidation Reaches $262 Million

    Samson Mow Urges Elon Musk to Reconsider Bitcoin Strategy

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar

    Elon Musk’s X Partners with Polymarket for Prediction Platform

    Bittensor Achieves Record 118 Active Subnets in Decentralized AI

    Bittensor Reaches 118 Active Subnets Milestone

    Bittensor Sets Record with 118 Active Subnets

    World Liberty Financial Issues Cease-and-Desist to TRUMP Coin

    Solana Price Fractal Speculates $400 Target for SOL Token

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Bitcoin Mining Expands in Zambia

Solomon M. by Solomon M.
March 30, 2025
in Bitcoin News
Key Takeaways:

  • Bitcoin mining boosts local power plant revenue by 30%.
  • Gridless Compute targets rural electrification and mining decentralization.
  • Increased foreign investment spurs economic growth in Zambia.

bitcoin-mining-expands-in-zambia
Bitcoin Mining Expands in Zambia

The BBC has reported on the expansion of Bitcoin mining in Zambia, focusing on operations by Gridless Compute in rural areas. Key figures include co-founder Phillip Walton and Daniel Rea of the Zengamina hydro-power plant.

Bitcoin mining’s expansion in Zambia signifies a growing shift towards renewable energy usage in Africa, fostering economic development and increased electrification. The market’s reaction has been largely positive given the benefits to local communities.

In a report by the BBC, Bitcoin mining is emerging in Zambia through the efforts of Gridless Compute. The company operates in rural Africa, contributing to local economies. Gridless Compute’s operations generate approximately $5 per day per machine.

The initiative, led by co-founder Phillip Walton and Daniel Rea, manager of Zengamina hydro-power plant, reflects significant growth. Notably, these operations now account for 30% of the hydro-power plant’s revenue.

“It’s the sound of money!” – Phillip Walton, Co-founder, Gridless Compute

President Hakainde Hichilema supports increasing foreign investments in Zambia.

Gridless Compute’s mining initiatives boost local economies and infrastructure. The mining operations enhance regional income, benefiting the Zambian hydro-power industry. Access to electricity has improved, advancing both economic opportunities and local development.

These Bitcoin mining advancements have financial implications, increasing profits for associated businesses like Zengamina hydro-power plant. Socially, access to sustainable energy further propels growth and development of surrounding rural communities.

Efforts behind these operations suggest future changes within Africa’s energy landscape might arise. Technological advancements could enhance mining’s efficiency, while regulatory interests may ensure environmental and economic sustainability. Historical precedents indicate continued investment trends in Africa.

Previous Post

Bitcoin Mining Expands to Zambia with Gridless Partnership

Next Post

Top Crypto to Buy: Arctic Pablo Coin, Zignaly & Chainlink – High-ROI Picks for 2025

Solomon M.

Solomon M.

Related Posts

MicroStrategy Upsizes IPO to $1B for Bitcoin Purchase

by Solomon M.
June 6, 2025

MicroStrategy raises STRD IPO to $1 billion, boosting Bitcoin acquisitions.

Trump Media Plans $12 Billion Bitcoin Investment

by Solomon M.
June 6, 2025

Trump Media files for $12 billion cryptocurrency fund raise, eyeing Bitcoin purchases.

Trump Media Raises $12 Billion for Bitcoin Acquisition

by Joshua T.
June 6, 2025

Trump Media plans $12B Bitcoin acquisition, leveraging capital raise and digital asset investment strategy.

Strategy Increases Stock Offering to Acquire Bitcoin

by Solomon M.
June 6, 2025

Strategy announces an expanded $979.7M stock offering to acquire Bitcoin.

Bitcoin Long Positions Liquidation Reaches $262 Million

by Solomon M.
June 6, 2025

Over $262 million in Bitcoin long positions were liquidated amid high market volatility.

Samson Mow Urges Elon Musk to Reconsider Bitcoin Strategy

by Solomon M.
June 6, 2025

Samson Mow encourages Elon Musk to revisit Bitcoin amid Tesla's stock challenges, prompting discussions on cryptocurrency strategy.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.