[Ethiopia increases Bitcoin mining electricity allocation to 600 MW] According to Golden Finance, Ethiopia has increased its electricity allocation for Bitcoin mining to 600 MW, making it one of the fastest growing Bitcoin mining markets in the world. According to Ethan Vera, co-founder and CEO of Bitcoin mining company Luxor, the African country plans to add several hundred more megawatts of electricity by the end of this year. Earlier this year, Ethiopia signed power supply agreements with 21 mining companies, mainly from China, indicating its intention to become a leading Bitcoin miner. Coupled with the commissioning of the Ethiopian Renaissance Dam, these agreements are expected to not only open up new sources of foreign exchange for Ethiopia, but also make the country a hub for Chinese Bitcoin miners.