The post Ethiopia’s Bitcoin Mining Boom: Green Energy Turns Digital Gold appeared first on Coinpedia Fintech News
Ethiopia is making waves by using its Grand Renaissance Dam to power Bitcoin mining, generating 18% of Ethiopian Electric Power’s revenue. This renewable energy strategy has transformed excess hydroelectric power into a profitable asset, with $1 billion spent on mining in the past year, surpassing earnings from electricity exports. Deals with 25 Bitcoin mining firms have attracted global investors, leveraging Ethiopia’s ultra-low energy costs of 3.2 cents per kilowatt-hour. This initiative mirrors similar efforts across Africa, showcasing how sustainable energy can fuel economic growth and support impactful projects like conservation and rural electrification.