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Africa’s green energy potential lures crypto miners

Africa’s green energy potential lures crypto miners

NOMADIC crypto miners in search of affordable energy are eyeing Africa, with Ethiopia emerging as a prime location for blockchain mining. This pivot towards the continent is driven by its abundant renewable sources including solar, wind, and hydroelectric power. Ethiopia, with its colossal hydroelectric dam, has seen an increased inflow of bitcoin miners especially from China, who are dodging Beijing's tight controls on crypto activities. China has cracked down on the activity due to its high energy requirements. Bloomberg reported that "19 of 21 electricity-supply deals for mining struck so far are with Chinese companies." China has become an important…
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