🇪🇹 Ethiopia Quietly Earns $55M from Bitcoin Mining | New Global Mining Hub Emerges
In just 10 months, Ethiopia has raked in $55 million by leasing surplus energy from its $6B Grand Renaissance Dam to Bitcoin miners, mainly Chinese firms displaced by China’s 2021 crypto ban.
⚡ Electricity Costs: Just 3.2 cents/kWh – among the cheapest globally
⛏️ Hashrate Share: Now up to 2.5% of global BTC mining power
🖥️ Legal Loophole: Mining is permitted under “high-performance computing” (trading still banned)
🌍 Ethiopia is positioning itself as Africa’s Bitcoin mining capital with cheap, renewable energy and pro-mining infrastructure.
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