Ethiopia's government has unveiled plans to develop state-sponsored Bitcoin mining operations, leveraging the nation's abundant hydropower resources. Prime Minister Abiy Ahmed led the announcement, positioning surplus electricity generation as a strategic asset for the crypto sector. This move reflects growing interest from emerging economies in harnessing natural energy advantages for blockchain infrastructure. The initiative could establish Ethiopia as a significant player in global Bitcoin mining, particularly given the region's renewable energy capacity and operational cost advantages. Such government-backed mining programs signal broader institutional recognition of cryptocurrency's role in economic development, especially in nations seeking alternative revenue streams and technology sector growth.
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VCsSuckMyLiquidity
· 6h ago
Ethiopia is developing a national-level Bitcoin mining operation? With cheap hydropower, they dare to compete for a share—this will shake up the global hash rate again.
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ParanoiaKing
· 6h ago
Wow, Ethiopia is officially mining directly? This is really a shift in direction.
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SerumSquirter
· 6h ago
Wow, Ethiopia is also into mining now. The hydropower advantage is taking off directly.
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quiet_lurker
· 6h ago
Wow, Ethiopia is also getting into mining. Now the whole world is really competing for electricity resources.
Ethiopia's government has unveiled plans to develop state-sponsored Bitcoin mining operations, leveraging the nation's abundant hydropower resources. Prime Minister Abiy Ahmed led the announcement, positioning surplus electricity generation as a strategic asset for the crypto sector. This move reflects growing interest from emerging economies in harnessing natural energy advantages for blockchain infrastructure. The initiative could establish Ethiopia as a significant player in global Bitcoin mining, particularly given the region's renewable energy capacity and operational cost advantages. Such government-backed mining programs signal broader institutional recognition of cryptocurrency's role in economic development, especially in nations seeking alternative revenue streams and technology sector growth.