Ethiopia’s Emerging Hub
Ethiopia has become a Bitcoin Mining Hub, with power consumption of 600MW, with 5200MW installed capacity. This power is generated through Ethiopia’s finest Hydropower facility, more of which is expected by the end of next year.
Efficient Mining Technologies
Miners are using energy-efficient machines like Bitmain’s S19J Pro.
Ethan Vera of Luxor Mining noted
“Most mining farms had evaporative cooling (water walls) set up, although it’s not needed for the majority of the year given the cold climate. “
Strategic Investments
Ethiopia’s involvement in Bitcoin space aims to improve their digital infrastructure, which includes a $250 million project with West Data Group focused at enhancing data mining and AI capabilities.
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Opportunities Amid Challenges
After China’s ban on Bitcoin mining, Ethiopia is rising due to lower electricity cost, despite over 50% of Ethiopians lacking electricity.
