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.
Energy & climate — coverage and analysis.

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.

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.

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

The project, Changeblock, uses blockchain for carbon trading, letting companies offset excess emissions via verified reduction projects.

The country’s decision-makers believe crypto mining is interfering with the country’s electricity supply system.

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