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Ethiopian Bitcoin Mining Revenue Reached $1 Billion Last Year

Ethiopian Bitcoin Mining Revenue Reached $1 Billion Last Year

CointimeCointime2024/12/27 09:55
By:Cointime

Ethiopia uses surplus hydroelectric power from the Renaissance Dam to promote Bitcoin mining, generating revenue of $1 billion last year, accounting for 18% of its electricity revenue. The country has successfully transformed surplus hydropower into profitable assets, attracting many global investors and promoting sustainable energy growth in Africa through low energy costs.

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