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.

Petrobras launches a Bitcoin mining project using flared gas from oil extraction, enhancing energy efficiency and cutting ...

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 ...

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 ...

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 ...

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

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 ...

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

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