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☆ How a Jack Dorsey-backed bitcoin miner uses a volcano in Kenya to turn on the lights in rural homes
▼ + stars: | 2024-04-20 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +9 min

watch nowHELL'S GATE, Kenya — Two-and-a-half hours northwest of Nairobi by car, a small group of bitcoin miners set up shop at the site of an extinct volcano near Hell's Gate National Park. "That doesn't happen without the bitcoin miners and us being globally distributed." MacKenzie SigalosWherever the operation, bitcoin mining is a volatile business, because so much of the economics depends on the price of the cryptocurrency. Before getting into bitcoin mining, he and his two co-founders, Philip Walton and Janet Maingi, spent years building internet connectivity infrastructure in rural and urban Africa. Demand from bitcoin miners on these semi-stranded assets is making renewables in Africa economically viable.

Persons: Jack Dorsey's, MacKenzie Sigalos, Erik Hersman, Bitcoin, Gridless, Lake Naivasha, bitcoin, Adam Sullivan, Philip Walton, Janet Maingi, Michael Gottschalk, Nic Carter, Carter, Hersman, It's, it's Organizations: CNBC, Kenyan, Core, Deutsche Bank, Marathon, United Arab, Getty, Island Ventures, Miners, International Energy Agency Locations: Kenya, Nairobi, Lake Naivasha, Malawi, Zambia, Venezuela, Lebanon, Gate, Lake, U.S, Texas, Russia, China, America, Africa, Toronto, Argentina, Florida, United Arab Emirates, Paraguay, Hersman, Sudan, Iceland, El Salvador, Bhutan

☆ Ogier leads Kenya's Safari Rally as Neuville retires
▼ + stars: | 2023-06-23 | by ( ) www.reuters.com time to read: +2 min

[1/4] Rallying - World Rally Championship - Safari Rally Kenya, Nairobi, Kenya - June 23, 2022 - A helicopter follows French Toyota driver Sebastien Ogier and co-driver Benjamin Veillas in action during side-by-side super special racing stage at Kasarani. REUTERS/Monicah MwangiJune 23 (Reuters) - Toyota's Sebastien Ogier led after the first leg of Kenya's Safari Rally on Friday while Hyundai's title contender Thierry Neuville smashed his car's suspension and retired from the day's action. Eight times world champion Ogier, who is competing part-time this season, was 22.8 seconds clear of team mate and 2022 winner Kalle Rovanpera after the day's six stages over rutted, rocky and sandy tracks. Except for the hybrid issue this morning we had a perfect day, so we can be happy," said the Frenchman, who had been only 2.5 seconds clear of Rovanpera at midday service in Naivasha. The rally, celebrating its 70th anniversary, started with a stage in Nairobi on Thursday.

Persons: Sebastien Ogier, Benjamin Veillas, Monicah, Toyota's Sebastien Ogier, Thierry Neuville, Ogier, Kalle Rovanpera, It's, Frenchman, Elfyn Evans, Neuville, Hyundai's Dani Sordo, Alan Baldwin, Toby Davis Organizations: Safari, Toyota, REUTERS, Belgian, Rovanpera, Thomson Locations: Kenya, Nairobi, Kasarani, Naivasha, Belgian Neuville, Sardinia, Neuville, Lake Naivasha, London

☆ Scholz's East Africa trip to address regional conflict, green energy
▼ + stars: | 2023-05-02 | by ( ) www.reuters.com time to read: +2 min

BERLIN, May 2 (Reuters) - German Chancellor Olaf Scholz aims to discuss the conflict in Sudan, signal his support for the peace process in Ethiopia and explore cooperation on green hydrogen with Kenya during his trip to East Africa this week, officials said on Tuesday. On Friday, he will meet the president of Kenya, East Africa's biggest economy, to discuss trade and other issues. On Saturday, Scholz will visit Africa's biggest geothermal plant, at Lake Naivasha, in the geologically active Great Rift Valley, which is key to Kenya's plans for producing green hydrogen. The German officials played down the possibility of any imminent deal on cooperation on green hydrogen. Kenya was interested in producing green hydrogen to use in fertilizer production but could potentially export to Germany in future if supply was extensive, the officials said.

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