Ethiopia has become a key player in Bitcoin mining, contributing 2.5% to the global hash rate. Local operations are expected to double within a year, consuming significant power. This surge follows China's ban on mining, leading to Chinese miners relocating to Ethiopia. Companies like Bitmain and BIT Mining have invested in the region due to its abundant hydropower and renewable energy. The government actively promotes Ethiopia as a mining hub, generating substantial revenue. Experts believe early-adopting Bitcoin countries could become economic leaders. The country's rise in mining activities has attracted attention globally. Additionally, the article discusses the Nigerian government's involvement in crypto-related crimes and the impact of Bitcoin on global economic policies. CryptoSlate provides insights on market trends, Bitcoin ETFs, and investment risks in the cryptocurrency space. Read more AI-generated news on: https://app.chaingpt.org/news

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