Bitcoin Miner Gridless Closed $2 Million Seed Round Led by Block and Others

Bitcoin miner Gridless has closed a $2 million seed round led by Block and Stillmark. The funds raised will be used to support the company's expansion of Bitcoin mining in the African market, with plans to expand to other East African regions in the near future.

Gridless designs, builds and operates bitcoin mining sites alongside small-scale renewable energy producers in rural Africa where excess energy is unused. Gridless serves as the anchor tenant, financing the construction and managing the operation of data centers in these rural communities where traditional industrial or commercial customers are unavailable.