Bitcoin mining set to power Ethiopia’s energy expansion

Ethiopia just inaugurated Africa’s largest dam, doubling power output — but still lacks the funds to deliver universal electricity access.
Real-world applications of programmable value technology across African industries and sectors.

Ethiopia just inaugurated Africa’s largest dam, doubling power output — but still lacks the funds to deliver universal electricity access.

This comes after the East African nation generated $55 million from Bitcoin mining over a 10-month period in 2024, primarily through agreements with 25 mining companies.

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The country wants to establish trust by making all transactions immutable and transparent.

The East African country hopes to earn much-needed foreign exchange by providing electricity to these mining companies.

The five-part law protects the country’s monetary policy and energy infrastructure, per an official.

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However, this figure represents a 30% decrease from the $3.3 billion raised in 2022.

However, he believes the Angolan government should merely regulate rather than prohibit all forms of crypto-mining activities in the country.