Ethiopia has emerged as a global Bitcoin mining hub, generating a remarkable $1 billion in revenue last year. This surge is attributed to the country's abundant hydroelectric power, primarily from the Grand Ethiopian Renaissance Dam (GERD). China's crackdown on crypto mining has driven many Chinese miners to seek alternative destinations, and Ethiopia's cheap electricity and favorable regulations have made it an attractive choice. In February, the Ethiopian government sealed a power supply agreement with several Chinese companies, marking the official launch of its Bitcoin mining industry. This revenue stream has significantly bolstered Ethiopia's economy and showcases the potential of crypto mining in developing countries with surplus electricity. With its hydropower resources and growing mining infrastructure, Ethiopia is poised to remain a major player in the global Bitcoin mining landscape.

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