The company’s bitcoin mine in Kenya, near an extinct volcano, has powered 5,000 households in the country.
All bitcoin mining operations, including this one in Kenya, consume power. How does something that consumes power then power households?
The problem is that while Ms. Sigalos produced a great video, some editor at CNBC totally misunderstood what was said in the video.
The company previously has said that they have a mining op that helped to subsidize a mini-hydro generation plant, and that generation plant serves 5,000 households.
So technically, that might be electricity delivered to a previously unserved area, thanks to Gridless's subsidy (thanks to bitcoin mining of the unused capacity), but that isn't a Gridless bitcoin mine itself "powering" any households.