Ethiopia uses hydropower to promote BTC Mining, with Mining revenue accounting for 18% of the power company

2024-12-27 06:15:32

Wu learned that according to Crypto-News-Flash, Ethiopia is promoting BTC Mining through the Grand Ethiopian Renaissance Dam (GERD), and the related revenue accounts for 18% of the revenue of the Ethiopian Electric Power Corporation (EEP). In the past year, mining investment has reached 1 billion US dollars, exceeding the profit from electricity exports. The government has cooperated with 25 mining companies to attract international miners to consume excess electricity at a low price of about 3.2 cents/kWh. The combination of renewable energy and encryption mining is driving energy utilization and policy changes in Africa.

(From: Wu Shuo)

Source: Sina

Author: Sina.com

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