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Cryptorank

Category ETB

Ethiopians question demand and power consumption despite crypto mining boom

Ethiopians question demand and power consumption despite crypto mining boom

Ethiopia has seen a rise in power concerns attributed to crypto mining activities amid the boom in the country’s cryptocurrency industry. According...
China’s BIT Mining expands to Ethiopia with a $14M acquisition of a 51MW facility

China’s BIT Mining expands to Ethiopia with a $14M acquisition of a 51MW facility

BIT Mining, a Chinese Bitcoin mining company, completed a $14.28M deal with Ethiopia on December 3rd to acquire a 51-megawatt facility and 18K mini...
What can AI do for African economies?

What can AI do for African economies?

Artificial intelligence (AI) is creeping into the fabric of economies across Africa. While most conversations about AI focus on the developed world...
Ethiopia increases BTC hashrate with 600MW commitment to Bitcoin mining

Ethiopia increases BTC hashrate with 600MW commitment to Bitcoin mining

Ethan Vera, co-founder and COO at Luxor stated that Ethiopia had increased its BTC hashrate as the 600 MW (megawatts) dedicated to mining was now f...