Ethiopia’s state-owned power producer, and a population of 126 million Ethiopians, welcomed the bitcoin mining industry in 2024 with an attractive electricity rate of USD 3.2 cents KWh. In this past ...

Abu Dhabi group plans to announce more sites in the African nation, apart from making an entry into South America later this ...

As of Dec 2024, Africa now accounts for 3% of the total global Bitcoin mining hashrate, with Ethiopia alone producing 2.5%, more than double what the entire continent produced in 2023, entirely ...

Ethiopia has made significant strides in transforming its energy resources into a digital Economy powerhouse, with bitcoin mining emerging as a key driver. The Grand Ethiopian Renaissance Dam ...

The new Ethiopian site, slated for energization in Q2 2025, will dramatically enhance Phoenix Group's operational capacity, significantly increasing the exahash rate of its rapidly expanding mining ...

But that hasn’t prevented Chinese bitcoin (BTC) mining company BIT Mining (BTCM) from expanding its operations — until now confined to Akron, Ohio — into Ethiopia by signing a $14 million ...

Abu Dhabi-listed cryptomining and blockchain conglomerate Phoenix Group has struck an 80-megawatt (MW) power purchase ...

ViaBTC, in collaboration with CoinEx, published the “2024 Crypto Annual Report,” offering an in-depth analysis of the ...

Crypto Daily - Ethiopia is leveraging its hydroelectric power through the Grand Renaissance Dam to power Bitcoin mining and generate 18% of the country’s revenue from digital assets. Bitcoin mining is ...

Abu Dhabi, United Arab Emirates, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Phoenix Group PLC (ADX:PHX), the UAE's multi-billion-dollar tech powerhouse, today announced a major strategic expansion into the ...