Africa's green energy potential lures nomadic crypto miners
Tanzania, Feb. 14 -- Addis Ababa. Ethiopia, Africa's most affordable electricity provider, retools its green energy resources for crypto mining, with an initial offering to Chinese investors. Where's next?
Nomadic crypto miners in search of affordable energy are eyeing Africa, with Ethiopia emerging as a prime location for blockchain mining.
This pivot towards the continent is driven by its abundant renewable sources including solar, wind, and hydroelectric power.
Ethiopia, with its colossal hydroelectric dam, has seen an increased inflow of bitcoin miners especially from China, who are dodging Beijing's tight controls on crypto activities. China has cracked down on the activity due to its high energy requirements.
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