Abu Dhabi-listed Phoenix Group has signed an 80-megawatt (MW) power purchase agreement (PPA) in Ethiopia, marking its expansion into the African market. The agreement, made in collaboration with Data7 ...

Ethiopia has emerged as a significant contributor to global Bitcoin mining, now accounting for 2.5% of the network's overall hash rate, according to miners cited by CryptoSlate.

Ethiopia’s state-owned power producer, and a population of 126 million Ethiopians, welcomed the bitcoin mining industry in 2024 with an attractive electricity rate of USD 3.2 cents KWh. In this past ...

Abu Dhabi group plans to announce more sites in the African nation, apart from making an entry into South America later this ...

As of Dec 2024, Africa now accounts for 3% of the total global Bitcoin mining hashrate, with Ethiopia alone producing 2.5%, more than double what the entire continent produced in 2023, entirely ...

The new Ethiopian site, slated for energization in Q2 2025, will dramatically enhance Phoenix Group's operational capacity, significantly increasing the exahash rate of its rapidly expanding mining ...

Abu Dhabi-listed cryptomining and blockchain conglomerate Phoenix Group has struck an 80-megawatt (MW) power purchase ...

But that hasn’t prevented Chinese bitcoin (BTC) mining company BIT Mining (BTCM) from expanding its operations — until now confined to Akron, Ohio — into Ethiopia by signing a $14 million ...

ViaBTC, in collaboration with CoinEx, published the “2024 Crypto Annual Report,” offering an in-depth analysis of the ...

The recently-commissioned Grand Ethiopian Renaissance Dam has given Ethiopia significant capacity and led to surprising success in power sales to the crypto sector. “Currently, 18% of EEP [Ethiopian ...