Ethiopia is rapidly becoming a Bitcoin mining hub. Ethiopia is positioned to boost its mining capacity with many more megawatts of installed generation capacity, chiefly hydropower, and a couple hundred more megawatts to close the year. Ethiopia’s Bitcoin mining strategy supports data infrastructure developmentThat makes Ethiopia’s move into Bitcoin mining part of its overall strategy to develop the infrastructure for data mining and AI training. The specifics of the agreement are still somewhat obscure, but the Ethiopian government has consistently put Bitcoin mining within the framework of its high-performance computing strategy, which includes it. Heading into the future, the combination of cheap energy costs and government support is a promising recipe for the future of Bitcoin mining in East Africa.

Source: Ethiopian News October 09, 2024 12:23 UTC