Ethiopia is quickly becoming a hub for Bitcoin mining due to its abundant hydroelectric power and low electricity costs. Local miners currently use around 600 megawatts of power, with more capacity expected soon. The government is actively creating a favorable environment for mining, investing in digital infrastructure and forming partnerships. This shift comes after China's ban on mining, prompting miners to seek new locations. Despite the economic potential, challenges remain, such as limited access to electricity for the population. The government is working on regulations to support mining operations while balancing the needs of citizens. While the industry shows promise, uncertainties exist regarding long-term government support. As Ethiopia aims to attract international investment, it must ensure energy availability for all. By upgrading infrastructure and maintaining a balance, the country can benefit both miners and civilians. Read more AI-generated news on: https://app.chaingpt.org/news