atlas21 on Nostr: MINING - Ethiopia is converting surplus energy from the Grand Ethiopian Renaissance ...
MINING - Ethiopia is converting surplus energy from the Grand Ethiopian Renaissance Dam (GERD) into a source of wealth through Bitcoin mining. According to data reported by The Africa Report, this activity is generating 18% of national revenue.
Over the past year, mining investments exceeding $1 billion have surpassed profits from energy exports to neighboring countries.
Ethiopia has already signed agreements with 25 mining companies, generating over $55 million in revenue in the last ten months. This success is also attributable to the country’s extremely competitive electricity rates, at around 3.2 cents per kilowatt-hour, among the lowest worldwide.
https://atlas21.com/ethiopia-transforms-hydroelectric-power-into-bitcoin-mining-generates-18-of-national-revenue/
Over the past year, mining investments exceeding $1 billion have surpassed profits from energy exports to neighboring countries.
Ethiopia has already signed agreements with 25 mining companies, generating over $55 million in revenue in the last ten months. This success is also attributable to the country’s extremely competitive electricity rates, at around 3.2 cents per kilowatt-hour, among the lowest worldwide.
https://atlas21.com/ethiopia-transforms-hydroelectric-power-into-bitcoin-mining-generates-18-of-national-revenue/