【BIT Mining Acquires 51 Megawatts of Power and 18,000 Bitcoin Miners in Ethiopia】According to Golden Finance, BIT Mining obtained a 51-megawatt power facility and nearly 18,000 Bitcoin miners in Ethiopia through a $14 million deal. Due to the fact that electricity costs in Ethiopia are about 70% lower than in the United States, the company was able to transfer old mining machines that were eliminated in the U.S. for local use, thereby extending the lifespan of the mining machines by about two years. Currently, Ethiopia contributes 1.5% of the Bitcoin network's computing power, comparable to Norway. BIT Mining chose to purchase existing facilities rather than build new ones to reduce potential risks.