Chinese miners are advancing into Africa! 💼💡

In the global mining landscape, Ethiopia is rapidly emerging as a new hotspot. Due to the abundant and inexpensive local hydroelectric resources, electricity costs only two to three Mao per kilowatt-hour, a large number of Chinese companies are flocking to establish mining sites here, focusing on Bitcoin, Ethereum, and Litecoin mining activities. 🔋💰

Notable companies like Bitmain are also not falling behind, actively participating in this, with their mining capacity in Ethiopia reaching 150 megawatts. Professionals point out that Ethiopia's mining capacity now accounts for 2.5% of the global Bitcoin network's computing power, with tremendous growth potential in the future, it may become one of the fastest-growing Bitcoin mining markets in the world. 🌍📈