According to Forbes, as of December 2024, Africa's Bitcoin mining hashrate accounts for 3% of the global total hashrate, with Ethiopia contributing 2.5%, all achieved through renewable energy, doubling from 2023. Previously reported, Ethiopia's investment in Bitcoin mining infrastructure has exceeded $1 billion this year, with mining electricity sales revenue reaching $55 million. Benefiting from clean energy costs as low as 3.2 cents/kWh, Africa is becoming an important emerging market for global Bitcoin mining. It is expected that by 2025, more countries will follow Ethiopia’s example to promote energy infrastructure development, rural electrification, and economic growth through Bitcoin mining.