Blockchair's logo

Ethiopia to Add Several Hundred Megawatts of Mining Capacity by Year’s End Ultramining 14 Oct 2024

Ethiopia to Add Several Hundred Megawatts of Mining Capacity by Year’s End ⚡

Ethiopia Bitcoin

Ethiopia is set to significantly expand its cryptocurrency mining industry, adding several hundred megawatts of mining capacity by the year’s end. This expansion aims to bolster Ethiopia's standing in the global Bitcoin market.

The new capacity results from foreign investments and government support, facilitating the installation of modern mining rigs which will enhance the country's total hashrate.

Experts highlight the potential benefits of this increase in mining capacity, such as boosting infrastructure development, creating jobs, and attracting major players in the cryptocurrency market to Ethiopia.

Source: ultramining.com ↗

Similar articles (3)

Ethiopian Electric Power Officially Supports Bitcoin Mining Industry Ultramining 14 Oct 2024
Ethiopian Electric Power Officially Supports Bitcoin Mining Industry
Ethiopia Consumes 600 MW for Bitcoin Mining, Emerging as New Mining Hub Ultramining 14 Oct 2024
Ethiopia Consumes 600 MW for Bitcoin Mining, Emerging as New Mining Hub
Ethiopia Becomes Fourth Largest Contributor to Bitcoin Hashrate Ultramining 18 Oct 2024
Ethiopia Becomes Fourth Largest Contributor to Bitcoin Hashrate

Trending topics

Digest

Daily Weekly
Argentina Opposition Threatens Milei With Impeachment Over LIBRA Token Tweet: Reuters Coindesk 3 hours ago
Argentina Opposition Threatens Milei With Impeachment Over LIBRA Token Tweet: Reuters
Investors Eye Potential Growth in Altcoins Despite Recent Volatility Cointurk 4 hours ago
Investors Eye Potential Growth in Altcoins Despite Recent Volatility
Lightchain AI- The Altcoin Revolutionizing Real-World Asset Tokenization at Just $0.006 TheNewsCrypto 3 hours ago
Lightchain AI- The Altcoin Revolutionizing Real-World Asset Tokenization at Just $0.006
XRP Bullish Pennant Targets $15-$17, But Breakout Confirmation Required At This Level Newsbtc 17 minutes ago
XRP Bullish Pennant Targets $15-$17, But Breakout Confirmation Required At This Level
Bitcoin’s Growth Is Slowing—These 5 Cryptos Could Deliver Bigger Gains! CoinGabbar 12 hours ago
Bitcoin’s Growth Is Slowing—These 5 Cryptos Could Deliver Bigger Gains! Explore daily digest
Solana Tumbles to $194 – Is the ‘Ethereum Killer’ Dying? Cryptonews 6 days ago
Solana Tumbles to $194 – Is the ‘Ethereum Killer’ Dying?
Bitcoin price sells off after hot CPI print, but $100K remains in sight Cointelegraph 3 days ago
Bitcoin price sells off after hot CPI print, but $100K remains in sight
OFFICIALMAGACOIN.COM Is Gaining Steam—Will XRP and BITCOIN Investors Jump In? Bitcoinsistemi 2 hours ago
OFFICIALMAGACOIN.COM Is Gaining Steam—Will XRP and BITCOIN Investors Jump In?
Court Grants 60-Day Pause in Binance, SEC Dispute Decrypt 2 days ago
Court Grants 60-Day Pause in Binance, SEC Dispute
CZ's Dog Made a Killing for One Memecoin Creator and Murdered Everyone Else Coindesk 2 days ago
CZ's Dog Made a Killing for One Memecoin Creator and Murdered Everyone Else Explore weekly digest