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Zambia’s Remote Bitcoin Mine Thrives on Cheap Hydroelectric Power Source

Jannie Mouton, a prominent South African businessman, re-enters the Forbes billionaires list.
The image shows Jannie Mouton with colleagues in a technical or data center environment.

A bitcoin mine in Zambia thrives on affordable, clean energy from the Zengamina hydro-power plant, powered by the Zambezi River. Gridless, a Kenya-based company, has set up a remote operation that benefits from cheap electricity and a revenue-sharing deal with the local power provider. Each mining machine earns around $5 a day, with profits fluctuating with bitcoin prices. The location’s low-cost power enables the mine to remain profitable even when bitcoin’s value drops. The setup highlights the unique intersection of crypto mining and sustainable energy.

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