Ethiopia Is Using Hydropower From Grand Ethiopian Renaissance Dam To Fuel Bitcoin Mining

Ethiopia is harnessing hydroelectric power from the Grand Ethiopian Renaissance Dam to fuel Bitcoin mining, generating 18% of Ethiopian Electric Power's income and attracting over $1 billion in investments within a year.

With low electricity costs of 3.2 cents per kilowatt-hour, the country has become a global hub for Bitcoin mining, surpassing revenue from electricity exports and drawing international miners after China’s mining ban.

Across Africa, renewable energy-powered Bitcoin mining is driving economic growth, rural electrification in Kenya and Zambia, and conservation efforts in places like Virunga National Park.

Source: Crypto Daily