The Ethiopian government, through its investment arm, Ethiopian Investment Holdings, has signed a Memorandum of Understanding with Data Center Service, a subsidiary branch of the Hong Kong-based West Data Group. This partnership, valued at $250 million, aims to pioneer sophisticated data mining and artificial intelligence (AI) training facilities within Ethiopia. Wu Blockchain @WuBlockchain State-owned Ethiopian Investment Holdings has signed a Memorandum of Understanding with Data Center Service, a subsidiary of Hong Kong’s West Data Group. West Data Group, known for its blockchain-fueled fintech solutions and data centers globally, brings to the table its expertise in Bitcoin mining, digital currency investment, and trading. Established in 2017 with its first data center in Kentucky, the company has expanded its footprint to Texas, Kazakhstan, Angola, and Kenya, signaling a robust commitment to digital currency endeavors.

Source: Ethiopian News February 16, 2024 10:33 UTC