Saturday, August 16, 2025:
1. Bitcoin Mining Developments
- Ethiopia has seen significant activity in Bitcoin mining, with international companies, including Russian firms, operating mining facilities in the country. (Reported on 2025-08-14)
- Over the past year, crypto mining outfits have flocked to Ethiopia, attracted by favorable conditions. However, concerns about grid strain have led Ethiopian Electric Power (EEP) to announce plans to phase out crypto mining operations. (Reported on 2025-08-14)
2. Regulatory Changes
- Ethiopia has halted the issuance of new crypto mining permits after generating $55 million from Bitcoin mining over a 10-month period in 2024. This move is likely in response to infrastructure and energy concerns. (Reported on 2025-08-14)
3. General Crypto Activity
- Blockchain and crypto media platforms continue to report on fintech, crypto, and blockchain activities across Africa, including Ethiopia. (Reported on 2025-08-14)
- There is ongoing interest in buying and trading cryptocurrencies such as Bitcoin and Ethereum in Ethiopia, with guides available for local users. (Reported on 2025-08-15)
