MINING - Ethiopia is converting surplus energy from the Grand Ethiopian Renaissance Dam (GERD) into a source of wealth through Bitcoin mining. According to data reported by The Africa Report, this activity is generating 18% of national revenue.
Over the past year, mining investments exceeding $1 billion have surpassed profits from energy exports to neighboring countries.
Ethiopia has already signed agreements with 25 mining companies, generating over $55 million in revenue in the last ten months. This success is also attributable to the country’s extremely competitive electricity rates, at around 3.2 cents per kilowatt-hour, among the lowest worldwide.
https://atlas21.com/ethiopia-transforms-hydroelectric-power-into-bitcoin-mining-generates-18-of-national-revenue/
atlas21 / Atlas21
npub179…kt45f
2024-12-27 19:49:27
Author Public Key
npub179ud6qjecennnypk4ntphmvdrmtvaqlkgd6x7jsrmjr25hfttlmqpkt45fPublished at
2024-12-27 19:49:27Event JSON
{
"id": "a1e0cec0cc09eac830922cab2d0e3472074fc64d8d009e3cf8c0262c947fab40",
"pubkey": "f178dd0259c667399036acd61bed8d1ed6ce83f643746f4a03dc86aa5d2b5ff6",
"created_at": 1735328967,
"kind": 1,
"tags": [
[
"r",
"https://atlas21.com/ethiopia-transforms-hydroelectric-power-into-bitcoin-mining-generates-18-of-national-revenue/"
]
],
"content": "MINING - Ethiopia is converting surplus energy from the Grand Ethiopian Renaissance Dam (GERD) into a source of wealth through Bitcoin mining. According to data reported by The Africa Report, this activity is generating 18% of national revenue.\n\nOver the past year, mining investments exceeding $1 billion have surpassed profits from energy exports to neighboring countries.\n\nEthiopia has already signed agreements with 25 mining companies, generating over $55 million in revenue in the last ten months. This success is also attributable to the country’s extremely competitive electricity rates, at around 3.2 cents per kilowatt-hour, among the lowest worldwide.\n\nhttps://atlas21.com/ethiopia-transforms-hydroelectric-power-into-bitcoin-mining-generates-18-of-national-revenue/",
"sig": "9e7cdb0442af3ba941b1ba9216855df469ba29c1c10e70a86d56e8f0617532011da48a4461000273d692618618070197117dff7d3bf2d2330351303b1f341270"
}