In 2024, Ethiopia solidified its position as Africa's leader in Bitcoin mining:

🔹 Global Hashrate Contribution: Ethiopia now accounts for an estimated 2.5% of global Bitcoin hashrate, with mining operations consuming 600 MW of power, projected to reach 1 gigawatt in 2025.

🔹 Government Support: The Ethiopian government has embraced Bitcoin mining, generating millions in revenue in 2024, showcasing the economic potential of this emerging industry.

🔹 Key Partnerships: Ethiopian Investment Holdings (EIH) and West Data Group launched a $250 million project early in 2024, positioning Ethiopia as a leader in Africa’s $5.4 billion data center industry.

🔹 Energy Advantage: With a planned installed capacity of 5.15 gigawatts when completed the Grand Ethiopian Renaissance Dam (GERD) will be the largest hydroelectric power plant in Africa. Bitcoin mining is helping Ethiopia monetize surplus energy while advancing electrification efforts.

🔹 Economic Impact: Bitcoin mining could contribute $2–$4 billion annually to Ethiopia’s GDP, serving as a blueprint for other African nations.

By leveraging its abundant energy resources and forward-thinking policies, Ethiopia is paving the way for economic growth and technological advancement across the continent.