From Shadows to Spotlight: Why Ethiopia became latest scene for cryptocurrency rush
From Shadows to Spotlight: Why Ethiopia became latest scene for cryptocurrency rush Addis Standard -
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From Shadows to Spotlight: Why Ethiopia became latest scene for cryptocurrency rush Addis Standard -
Ethiopia has signed a preliminary agreement to develop infrastructure for data mining and artificial intelligence training operations, the government's strategic investment arm said.... -February 16, 2024 at 07:47 am EST - MarketScreener
Bloomberg reported that Ethiopia has become a leading destination for bitcoin mining since the government authorised it in 2022.
Last spring, cargo containers began appearing near electricity substations connected to the recently built Grand Ethiopian Renaissance Dam, Africa’s largest. Inside were stacks of powerful, energy-guzzling computers. It was a telltale sign that Chinese Bitcoin miners, having bounced from country to country in search of cheap power and benign regulations…