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Gridless, the mining company involved, has implemented a unique revenue-sharing model that capitalizes on the growing value of Bitcoin. The company partners with Hydrobox, giving it a portion of the profits while ensuring its miners pay indirectly for electricity through shared revenues. This method has proven effective, allowing Gridless to expand to multiple countries like Uganda, Malawi, and beyond.
By covering operational costs and making electricity affordable, this model manifests the potential for Bitcoin mining to serve as a catalyst for electrification in underprivileged regions. As news of the project's success spreads, more homes and businesses begin accessing electricity, revitalizing entire communities.