Africa's contribution to the global Bitcoin mining hashrate has been steadily increasing, reaching 3% as of December last year. Ethiopia, in particular, has emerged as a major player, accounting for 2.5% of the global hashrate. This growth is largely attributed to the country's abundant renewable energy resources, which are being harnessed for Bitcoin mining. The rise of Bitcoin mining in Africa is seen as a positive development, contributing to power infrastructure development, rural electrification, and overall economic growth. By leveraging its vast renewable energy potential, Africa is positioning itself as a key player in the global Bitcoin mining industry.

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