According to BlockBeats, Ethiopia recently significantly increased its electricity allocation for Bitcoin mining, increasing capacity to 600 megawatts, making it one of the fastest-growing Bitcoin mining markets in the world.

Ethan Vera, co-founder and CEO of Bitcoin mining company Luxor, revealed that Ethiopia plans to add hundreds of megawatts of capacity by the end of 2024. A large number of miners in Ethiopia's mining farms use mid-generation machines such as S19J Pro and A1346. The main reason why these devices are popular in Ethiopia is their lower power consumption.