pull down to refresh

BIT Mining expands to Ethiopia with a $14 million investmentatlas21.com/bit-mining-expands-to-ethiopia-with-a-14-million-investment/
101 sats \ 1 comment \ @0xbitcoiner 8 Jan bitcoin_Mining
The Chinese company acquires a 51 MW facility and 18,000 miners, elevating Ethiopia to the same level as Norway in the Bitcoin network.
Chinese firm BIT Mining has successfully expanded into Africa, acquiring a Bitcoin mining facility in Ethiopia for $14.28 million. The deal, finalized on December 3, marks a strategic move positioning Ethiopia among the leading contributors to the global Bitcoin network hash rate (1.5%), equating its importance to that of Norway.
...read more at atlas21.com
write
preview
this territory is moderated
related posts
0 sats \ 0 replies \ @Bell_curve 8 Jan
Ethiopia’s abundant hydroelectric power, the result of over $8.5 billion in Chinese investments, plays a crucial role. Once completed, the Grand Ethiopian Renaissance Dam (GERD) will generate more than 5,000 MW of power. Currently, Bitcoin mining already accounts for 18% of the country’s monthly electricity sales.
reply