The Bitcoin mining boom is coming to Africa! 🌍💰 As of December 2024, Africa accounts for 3% of the global Bitcoin mining hash rate, with Ethiopia contributing 2.5%, becoming the leader in mining in Africa. Surprisingly, these mining activities rely entirely on renewable energy! 🔋
Ethiopian Electric Power has revealed that this year Bitcoin mining has brought in over $55 million in revenue, accounting for 18% of total revenue. Since Ethiopia approved Bitcoin mining, local infrastructure investment has exceeded $1 billion. Countries like Kenya are also joining in, using Bitcoin mining to drive economic growth and green energy projects. 🌱
Africa, due to its low-cost green energy, is becoming an ideal place for global Bitcoin miners!