In a strategic maneuver driven by the pursuit of cheap energy and favorable climates, Chinese Bitcoin miners have turned their attention to Ethiopia. Displaced from China due to regulatory bans, local Bitcoin miners have been actively seeking locations that offer affordable power and regulatory friendliness, further highlighting Ethiopia China relations.
According to a report by the South China Morning Post, this shift towards Ethiopia gained momentum last spring. The local media started observing cargo containers near electricity substations linked to Africa’s largest hydroelectric project, the Grand Ethiopian Renaissance Dam (GERD).
Ethiopia: A Haven for Miners
Bloomberg cites Luxor…
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