It has said it intends to replace the Biden-era restrictions with its own approach.
They're focusing on so-called run-of-river hydroelectric models like at Zengamina and the continent has an abundance of "untapped hydro potential" she says."A consumer-driven, adaptive energy model is essential for scalable, affordable, and sustainable energy access that meets the needs of African communities," she explains.
The company is not a charity and believes that ensuring long-term economic viability for developers and investors can only be done through bitcoin.Finding locations for a new plant or to tap into existing ones is the easy part though.The company still faces resistance from some authorities and companies which see bitcoin as an energy-greedy and selfish use of electricity that might otherwise be used by rural people.
But the company insists that the incentive is always to sell to the highest buyer and that will always, they say, be the local community.History tells us that without incentives or rules in place, bitcoin mining at scale can put strain on public energy grids. In Kazakhstan in 2020-2021 a mining boom increased energy usage in the country by 7% before the government clamped down and clipped the wings of the burgeoning industry.
In the US - bitcoin mining's new mecca - conflicts between miners, locals and residents have been common when electricity is in high demand.
Authorities have created agreements with some mining giants to ensure that they power down their warehouses chock full of computers at times when the grid needs balancing.has calculated the US's average tariff on all its imports was set to go to 27% before the pause, the highest in more than 100 years.
And after the pause they estimate it will rise to 24%, still the highest in a century.The pause on some tariffs has made relatively little difference for two reasons.
First, because the 10% universal rate on all US imports still applies.Second, because of the president's simultaneous hike, alongside the pause, in the tariff rate imposed on all imports from China, from 104% to 125%.