CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
coinpedia 2024-12-27 05:14:14

Ethiopia’s Bitcoin Mining Boom: Green Energy Turns Digital Gold

The post Ethiopia’s Bitcoin Mining Boom: Green Energy Turns Digital Gold appeared first on Coinpedia Fintech News Ethiopia is making waves by using its Grand Renaissance Dam to power Bitcoin mining, generating 18% of Ethiopian Electric Power’s revenue. This renewable energy strategy has transformed excess hydroelectric power into a profitable asset, with $1 billion spent on mining in the past year, surpassing earnings from electricity exports. Deals with 25 Bitcoin mining firms have attracted global investors, leveraging Ethiopia’s ultra-low energy costs of 3.2 cents per kilowatt-hour. This initiative mirrors similar efforts across Africa, showcasing how sustainable energy can fuel economic growth and support impactful projects like conservation and rural electrification.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.