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Author: Admin | 2025-04-28
Vera said, making profits there less predictable. In Ethiopia, the price will fall once miners connect directly to power plants, according to Hiwot. He added that EEP has paused signing new contracts “to ensure a well-controlled and managed process.”BWP, which hosts machines operated by miners from China and other countries, started shipping equipment to Ethiopia early last year. In December, the company announced on X that it was opening a 120-megawatt data center for mining equipment — sizable even by Texas standards — in Addis Ababa, the capital.CEO Vitaliy Borshenko said Ethiopia’s advantages go beyond cheap, renewable power. “The ideal temperature for the miners is 5 to 25 degrees” Celsius (41F-77F), he said, citing recommendations from rig maker Bitmain. “That is right in the average range of temperature in Ethiopia.” Addis Ababa is almost 2,400 meters above sea level, far higher than most Alpine ski-resort towns.This advertisement has not loaded yet, but your article continues below.Such is the lure that some Chinese firms aren’t waiting for an official green-light before starting operations, said Xu of the China Digital Mining Association. “Miners present themselves as factories or agriculture companies” to get electricity rather than seek government approval to create Bitcoin, he said without naming them. Yodahe didn’t respond to a request for comment on such practices. Their confidence is underpinned by geopolitics. China is the biggest source of foreign direct investment in Ethiopia as well as its top bilateral creditor. The Chinese government and financial institutions lent almost $15 billion for
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