Odaily Planet Daily News: Mainland China's virtual currency funds are setting their sights on Ethiopia, located as far as Africa, mainly due to the abundant hydroelectric resources in the area, where the cost of electricity is only about 0.2 to 0.3 yuan per kilowatt-hour. In recent years, many mainland enterprises have rushed to Ethiopia to establish mining operations for Bitcoin, Ethereum, and Litecoin. It is reported that Bitmain, which is engaged in mining machine research and production, is also involved in the mining operations in Ethiopia, with its official website indicating that the first phase of Baohui is located in Ethiopia, with a total capacity of 150 megawatts. Currently, there are more than 20 mining farms in Ethiopia, most of which are invested and operated by Chinese enterprises, and most of the mining machines are also produced by Chinese companies, including Bitmain's Antminer and Avalon mining machines. According to professionals' estimates, Ethiopia has become an emerging global mining hub, currently accounting for approximately 2.5% of the global Bitcoin network's computing power, and it is expected to continue to rise, becoming one of the fastest-growing Bitcoin mining markets in the world. (Tai Kung Pao)

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