Africa's Green Bitcoin Boom: 3% of Global Mining via Renewables!
In a remarkable development, Africa has emerged as a significant player in the global Bitcoin mining scene, contributing 3% of the world's Bitcoin mining hashrate as of December 2024. What's even more impressive is that this achievement is powered entirely by renewable energy1.
Leading the charge is Ethiopia, which alone accounts for 2.5% of the global Bitcoin mining hashrate. This is a huge leap from 2023, more than doubling the continent's total output1. Ethiopia's success is largely due to its abundant renewable energy resources, which have enabled it to earn over $55 million from electricity sales for Bitcoin mining.
This green energy-driven growth not only highlights Africa's potential in the cryptocurrency mining industry but also sets a positive example for sustainable practices in the tech world.
